Lagos - A fashion designer, Tope Olanre-Alade, on Friday urged the Federal Government and other investors to show more interest in the fashion industry.
Olanre-Alade, a member of Fashion Designers Association (FADAN), in Lagos, said that investing in the sector would further aid progress as the country’s fashion industry was beginning to compete favourably with its foreign counterparts.
"Stakeholders in the Nigerian fashion industry are of the opinion that the sector has begun to deliver on its mandate.Since fashion industry is one of the biggest employers of labour around the world, the quality of Africa style is competing with international standard.The government must show more commitment toward the development of the industry.
The Federal Government can do more by creating an enabling environment to boost the development of the sector, especially in the area of incentives,'' Olanre-Alade said.
She said there was the need for government to support talented citizens with soft loans to sustain their businesses.
"The major challenge the industry is facing is fund, most fashion designers go out of business due to insufficient funds.If the government can address that area, it will boost the nation's Gross Domestic Products (GDP),'' she said.
Olanre-Alade added that the government would generate huge revenue in the investment in return.
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