Nigeria has finally been given permission to export it’s textiles and apparels to the US after being certified by the “Africa Growth and Opportunity ACt”. I wonder, is this is part of the new US strategy and a reward for Nigeria’s willingness to coorperate with the US in implementing the strategy.
Chikelu also added that the new certification for AGOA “also has implications for investment because it means that any of the major textile manufacturing firms across the world can actually come to Nigeria to cite their factory with the purpose of exporting to the U.S. market”.
He added that such firms could take advantage of cheaper labour and other factors of production that they can get in Nigeria to produce in Nigeria, employ people and export to U.S. market.
Now the Nigerian workforce will have even more opportunies to be exploited.
ERROR ON PREVIOUS POSTING: Outsourcing arrives in Africa. The wages in Senegal were monthly and not weekly.
