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Bullion

Keywords

Cotton industry, Textile industry, Job creation.

Abstract

Nigeria is the third largest producer of cotton in Africa after Egypt and Sudan. Cotton growing zones are mainly in the Northern parts of the country, though the planting of cotton started in Western Nigeria. This paper focusses on the manufacture of cotton, textile in Nigeria, sources of material available, the equipment required, manpower, the land space required, the capital outlay and Profitability of the business. The paper concludes that from the financial result of the above analysis, the project is economically viable and technically feasible. Neem Seeds as Raw Materials is in abundance and can be sourced at lower cost than estimated since no established outfit is currently utilizing it in the country. Market is available and the processing technology is simple as seed oil extraction is not a new technology in the country.

Author Bio

The Author is a staff and a Director General/Chief Executive Officer at the Project Development Institute (PRODA), Enugu.

Publication Title

CBN Bullion

Issue

3

Volume

28

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