United Nigerian Textile Mill’s recent decision to lay off 3,000 workers highlights everything wrong with the Nigerian economy

Ayo Akinfe (1) Last week, the United Nigerian Textile Mill Limited (UNTL) made 3,000 workers redundant in Kaduna. Its excuse was that there was no market for its goods. As the saying goes: “Even in the abundance of water a fool is thirsty.” How can a monopoly textile mill struggle for orders in a market of 200m people abeg? (2)...