Over the years the world has witnessed China become the factory of the world, this led to an unprecedented growth in China. In 2010 China surpassed Japan to become the second largest economy in the world after USA with exports worth more than 1.600 Billion USD. The abundance of natural resources and human resources has fueled this growth. Like China, Nigeria also has an abundance of natural resources and an abundance of human resources including numerous manufacturers, suppliers.
Nigeria has it’s own challenges and success stories,according to Tradingeconomics.com “ The Gross Domestic Product (GDP) in Nigeria expanded 6.3 percent in the second quarter of 2012 over the same quarter of the previous year. Historically, from 2005 until 2012, Nigeria GDP Annual Growth Rate averaged 6.82 Percent reaching an all time high of 8.60 Percent in December of 2010 and a record low of 4.50 Percent in March of 2009.”
The wholesale clothes manufacturing sector has developed to incorporate fibre production, spinning, weaving, knitting, lace and embroidery makings, carpet production, dyeing, printing and finishing. The sector produces a varied series of fabrics annually, ranging from African prints, embroideries, etc., to Guinea brocades, wax prints, jute and other products. The Central Bank of Nigeria (CBN) Annual report for 1995 showed that out of 13 sub sectors in the Manufacturing sector, the Textile sector – comprising Cotton Textile and Synthetic Fabrics – continued to account for a significant proportion of the overall growth of manufacturing production. The synthetic fibre section of the textile industry has recorded substantial growth over the years.
The Challenges that arise when doing business with Nigeria are mostly encountered when looking for suppliers or manufacturers or credible export and import consultants online. While there is no official database of credible contacts available, we have realized these limitations that stand to hamper on profitable industry which could rise up to grow much like the Chinese textile industry has grown over the years. Most small businesses in the western world find it difficult to travel down to Nigeria to spend a week or two looking for wholesale suppliers and these businesses resort to using the available means online. To help the Nigerian textile industry we have created a business discovery network www.ziliot.com where textile manufacturers, wholesale textile suppliers can create profiles, display their products and be found worldwide. Ziliot business discovery network also allows reputable organizations to join and display their member companies, which in turn reduces the risk of fraud, also such member companies are given verification status.
Setting an account is easy and free just like creating account on Facebook, LinkedIn, Twitter etc. You can find available Nigerian companies or add your company too here
