Leoht Africa has partnered with the Indian Chamber of Commerce to boost the retail sector of Nigeria’s textile industry and position it as a leading hub in the Central and West African market. Aliyu disclosed this at the 2021 edition of the Source Textile and Apparel and Retail Sourcing Fair West Africa Exhibitions. She noted that the Nigerian retail sector has survived, adapted and thrived despite the challenges, just as research by the Global Retail Development Index, showed that Nigeria is the leading retail market in Africa with $295bn of retail sales recorded in 2020. Banerjee said, while Nigeria is diversifying its economy to boost non-oil revenue and is focused on strengthening its agricultural and manufacturing capacity, the textile sector offers tremendous opportunities. The Governor of Lagos State, Babajide Sanwo-Olu, said the India-West Africa trade offers an opportunity to rethink ways in which people do business, trade and investment across countries and continents.

Source: The Guardian December 30, 2021 09:33 UTC