The National Economic Council (NEC) has approved the establishment of a Cotton, Textile, and Garment Development Board.
Also, “new strategies for agribusiness expansion and livestock transformation—initiatives projected to generate up to $90 billion in economic value by 2035”, as announced on official X account of VP, Kashim Shettima.
Shettima said, the move will help “reposition Nigeria’s economy and tackle insecurity at its roots.”
NEC also observed a minute of silence in honour of the victims of the recent killings in Benue and Plateau States as it extends its condolences to the governments and people of the affected States.
Shettima said: “To reposition Nigeria’s economy and tackle insecurity at its roots, the National Economic Council (NEC) has approved the establishment of a Cotton, Textile, and Garment Development Board, alongside new strategies for agribusiness expansion and livestock transformation—initiatives projected to generate up to $90 billion in economic value by 2035.
“Other initiatives approved by the Council included the establishment of the Green Imperative Project (GIP) national office in Abuja, with regional offices across the six geopolitical zones, as well as measures to address the crises fuelled by the current system of animal husbandry in the country. At its 149th meeting, held on Thursday at the Presidential Villa, Abuja, NEC also observed a minute of silence in honour of the victims of the recent killings in Benue and Plateau States, while expressing its condolences to the people and governments of the affected states.
“NEC, chaired by Vice President @KashimSM, and comprising the Governors of the 36 states of the federation, the Governor of the Central Bank of Nigeria (@cenbank), the Minister of Finance, and other co-opted government officials as members, approved the proposal for the establishment of the Cotton, Textile, and Garment Development Board.”
To reposition Nigeria’s economy and tackle insecurity at its roots, the National Economic Council (NEC) has approved the establishment of a Cotton, Textile, and Garment Development Board, alongside new strategies for agribusiness expansion and livestock transformation—initiatives… pic.twitter.com/Dv4UJuiFUH
— Senator Kashim Shettima (@officialSKSM) April 24, 2025
