Textile companies in Nigeria have complained of stifling competition against the backdrop\r\nof challenges of declining endogenous and exogenous resources. Using electricity and\r\ncapacity utilization as proxies, we show that electricity supply is a significant determinant of\r\nperformance. We recommend, among others, that Public electricity supply to the textile\r\ncompanies should be taken as a state of emergency to ensure that there is uninterrupted\r\npower supply. Government at various levels should embark on intensive advocacy for\r\nNigerians to develop a culture of using locally made goods while leading by example.\r\nOpinion molding should be employed both in the public and private sectors.
Loading....