Bangladesh’s remarkable transformation into the world’s second-largest garment exporter presents a compelling roadmap for Nigeria, particularly for its struggling textile mills. Despite both nations being rich in cotton and facing similar initial economic challenges, Bangladesh effectively leveraged its textile potential to drive export-led economic development, offering valuable lessons on how to revive and sustain a thriving textile industry. This success story highlights the power of strategic focus and consistent policy support. Bangladesh’s journey began modestly in the 1970s, primarily serving domestic demand. However, through a series of economic reforms and strategic decisions in the 1980s, the country transitioned onto the global stage. The government played a pivotal role by offering substantial incentives, including tax breaks, duty-free imports of machinery, and streamlined export procedures. These measures created a conducive environment that attracted investment and fostered rapid growth in the sector, leading to an industry now valued at $55 billion annually and employing approximately 20 million people. A crucial aspect of Bangladesh’s triumph was its emphasis on the entire textile manufacturing value chain, rather than solely focusing on raw cotton production. Even with only five percent of its cotton needs met locally, Bangladesh prioritized importing raw materials and developing competitive manufacturing capabilities. The nation strategically invested in skill development, sending citizens abroad for training and adopting modern technology to enhance efficiency and reduce costs. Attracting major global brands like Walmart and H&M further cemented its position, supported by a competitive labor cost structure. For Nigeria, which faces challenges such as insufficient raw materials, pervasive smuggling of foreign textiles, erratic power supply, and high operating costs, Bangladesh’s experience offers tangible solutions.Once a major part of Nigeria’s economy, the textile industry has seen a sharp decline, dropping from more than 180 mills in 1985 to just a few remaining today. By learning from Bangladesh, Nigeria can implement supportive government policies, invest in skill development across the entire value chain, embrace modern technology, and create an enabling environment to attract both local and foreign investment. By adapting these successful strategies, Nigeria has a profound opportunity to revitalize its textile sector, create substantial employment opportunities, and diversify its economy beyond oil. Embracing a comprehensive approach, from policy consistency to technological advancement and skill enhancement, can transform Nigeria’s drying mills into vibrant centers of industrial activity. This strategic emulation promises not only economic growth but also a significant boost in job creation and a more stable future for Nigeria’s industrial landscape.
