Aisha Abubakar, the Minister of State for Industry, Trade and Investment, expressed this commitment during a facility tour of three textile companies in Ikorodu area of Lagos.
She said government would employ a systemic approach that would cut across all sectors of the economy to make the solution sustainable.
According to her, the ministry would formulate favorable policies and engage the Nigerian Customs Service over indiscriminate dumping of foreign textiles and garments in the country.
She advised the manufacturers to improve on their designs by making them more appealing to the younger generation, adding that this would help them to be competitive.
Abubakar said the government was concerned about the challenges of foreign exchange and was deliberating on finding a lasting solution to it for the development of the economy.
The minister told her audience that plans to diversify the economy is not an easy thing, manufacturers need to exercise more patience in the area of foreign exchange.
Ping-Man Chun, Chief Executive Officer, Nichemtex Ltd, urged the government to assist in combating smuggling and counterfeiting of products. Enditem