Nigeria expects $1 bn revenue from leather exports by 2025

Nigeria expects $1 bn revenue from leather exports by 2025
The National Leather Policy proposed Nigeria to earn about $1 billion from the export of leather products by 2025.

According to Mohammed Yakubu, chief executive officer and director general of the Nigerian Institute of Leather and Science Technology (NILEST), Nigeria’s total exports of leather products have reached $800 million this year.

He spoke about the sidelines of a capacity building and study tour of the Portuguese leather sector.

Mohammed Yakubu said, “We want to identify ways to attract the Portuguese leather sector to set up manufacturing units in Nigeria.” As per the Nigerian newspaper, the Nigerian delegates visited the Centro Tecnologico Do Calcado De Portugal (CTCP), or the Footwear Technology Centre of Portugal, its laboratory and workshop facilities, some leather organizations and tanneries in Porto.

They held business meetings with the Portuguese footwear components and leather goods manufacturers association (APPICAPS) and interacted with some of their machine suppliers.

In terms of costing, of imported processing materials was responsible for the rise in prices of most Nigerian leather products relative to foreign ones. 
Tags :
Share This News On: