Portfolio:- Framework for Financing Model for Investments in the Cotton, Textiles and Garment Production
Tasks
- Review of data on the status of cotton production in Nigeria
- Provide a comprehensive survey to give a snapshot assessment of the sector
- Develop a strategy for upgrading existing cotton ginneries
- Examine the existing cotton testing laboratories
- Develop a comprehensive blue print for the establishment of Common facilities to support small ginneries and textile firms
- Develop a framework for capacity building in the BOI and other stakeholders to implement the scheme
- Develop a financial model and cost estimate to revive the sector.
Outcomes
- Sub-sector status revealed in terms of size, operational capabilities, technology, structure of the value chain
- Obstacles to access to finance, linking and leveraging on bigger players was clearly revealed
- The nature and magnitude of investment required to revive the sector was established
- Strategies for managing and process of integrating smallholders along the value chain established
- A N100 billion facility managed by BOI was established for the proposed facility,
- TUNGSTEN PROJECTS was able to develop a financing model for the 3-year facility
- The facility was able to revive cotton production, ginneries, and garment production in Kaduna, Lagos, Aba, Kano, Gusau, Gombe amongst others.
