General
Promoting Sustainable Nigerian Leather Products in the Global Market
The term “globalization” gained popularity in the early 1990s; with technological advancement, it has continued to shape modern everyday life, making it a global village whilst growing interdependence of the world’s economies, cultures, and populations. Countries have built economic partnerships to facilitate the continued surge in cross-border trade in goods and services, technology, and flows of investment, people, and information.
With a long history of producing high-quality leather products, Nigeria has a rich heritage of leather production, and to build a sustainable ‘Made-in-Nigeria’ brand, it is essential to promote Nigerian leather products in the global market.
Globalisation has made the global market indeed a global village through technology. To aid the balance of trade, countries must ensure it manufactures for local consumption and then produces with a mindset of exporting to foreign countries. To achieve this, its products must first meet global standards and receive acceptance from its local market. Nigeria is at a vantage point to promote African leather products in the global market, being one of the continent’s biggest producers and exporters of raw leather materials.
With advanced technology from developed economies to reduce the cost of production, coupled with their capacity to export, local consumers in developing economies have easy access to imported products which has adverse effects on the local economy, such as unemployment and a decrease in demand for locally produced goods. As the world continues to evolve, it is important to balance importing goods and supporting local businesses to improve GDP and the economy.
The benefits of manufacturing goods locally in a nation instead of importing should not be overlooked. It has a long-term value on a country’s economy than the latter. Any developing country seeking economic growth should endeavour to reduce importation to the bare minimum and utilize local resources, even if it does not have the required production capacity for export purposes. In the case where a country starts focusing on manufacturing its products locally, there will be an increase in the employment rate; the currency will be valuable and local culture will be strengthened. In Nigeria, for instance, products manufactured locally are referred to as “Made-in-Nigeria goods”.
The manufacturing sector in Nigeria has several sub-sectors, such as Petroleum and coal products, electrical equipment, appliances and components, printing and related support activities, textile apparel, leather and footwear, fabricated metal products, chemical and pharmaceutical products, food, beverage and tobacco products, paper products, furniture and related products, plastics and rubber products, and transportation equipment, among others continue to play a significant role in generating employment, increasing productivity, and driving economic growth for the nation. The sector has also contributed to the country’s quest to move away from oil dependency and lean towards the green economy.
One of the sub-sectors that has proven resourceful in contributing to the Made-in-Nigeria project and zero oil initiative is the Leather industry. With the total trade of leather products presently between $300 and $400 billion globally, experts believe that Nigeria could account for 15 to 20 per cent to hit $20 billion by 2025. According to recent statistics, the Nigerian leather industry is estimated to be worth over $1 billion and is expected to grow annually by 2.88% (Compound Annual Growth Range 2023-2028). As the third largest in Africa, after South Africa and Ethiopia, the Nigerian leather industry is also a vital source of employment and income for many Nigerians, especially those in rural areas. The industry provides employment to over 750,000 people, with many jobs in tanning, leather goods production, and especially the fashion industry.
Leather has continued to remain a versatile and essential material in the fashion industry, offering durability, luxury, and timeless style for both men and women. Due to its durability and luxurious appeal, it is widely used in various forms of fashionable items such as shoes, bags, jackets, belts, and other accessories.
In contributing to the growth of sustainable Made-In-Nigeria products, a game changer in the leather industry, Lagos Leather Fair, has consistently given leather designers the platform to showcase their expertise for six years now. Established and emerging designers now have the opportunity to showcase their designs and gain recognition in the Nigerian and African leather industries. The annual fair provides a much-needed and solution-based networking platform for leather designers and other players in Nigeria and other African countries to promote and showcase Made-in-Africa and local talent.
According to the founder of Lagos Leather Fair, Mr Femi Olayebi, “The annual celebration of the Lagos Leather Fair is a proof point of our unflinching commitment towards finding sustainable solutions to scale the African leather industry and ensure that the Made-in-Nigeria Project and Zero-Oil Initiative becomes a reality. For over five years, we have created an enabling environment for key players to maximise the potential of the leather industry. We are delighted about LLF2023 and look forward to its significant impact in Nigeria and across Africa.”
This year’s edition, themed Staying Ahead: Creativity, Collaboration, Commitment, is set to improve the narrative that encourages sustainable Made in Nigeria business. Through the proposed LLF Lab and Accelerator programme, leather designers will have access to mentorship and development programs from entrepreneurs who are already experts in the industry.
LLF 2023 will also feature a series of local and international speakers who will share insights on relevant conversations that affect the African leather industry and a well-curated series of workshops for up-and-coming designers willing to thrive as a manufacturer in Nigeria. The workshops for budding leather designers will feature branding workshops where the fundamentals of branding will be explored, a shoe-making workshop to provide a basic understanding of shoemaking techniques and a social media/marketing presentation using a case study review of different brands.
The Lagos Leather Fair is set to hold on June 17 and 18 at the Balmoral Convention Centre, Victoria Island, and just like the five editions done in the past, LLF 2023 is anticipated to continue from the previous years by strengthening the narrative that ensures the Made-in-Nigeria Project and Zero-Oil Initiative become a reality and fostering the nation’s talent and economic growth.
General
PTML Unveils $50m Expansion Plan for Tin Can Island Port
By Adedapo Adesanya
Port and Terminal Multiservices Limited (PTML) has disclosed the investment of $50 million to expand its terminal at Tin Can Island Port, Lagos, as part of efforts to strengthen Nigeria’s bid to become the leading maritime hub in West and Central Africa.
PTML Managing Director, Mr Ascanio Russo, made the disclosure on Wednesday during a visit to the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, in Abuja.
The investment by PTML, a member of the Grimaldi Group, will expand berthing capacity and acquire additional modern port equipment.
“The Grimaldi Group remains deeply committed to Nigeria and believes in the country’s potential as the leading maritime and logistics gateway in West and Central Africa,” Mr Russo said.
“This $50 million investment is designed to expand our berthing capacity and deploy modern equipment that will enhance operational efficiency, cargo handling, and service delivery.”
He said the upgraded berths would enable PTML to receive next-generation Container/Roll-on Roll-off, Con-Ro, vessels, including the largest Con-Ro ships currently operating globally, directly at the Lagos terminal.
“The maritime industry is evolving rapidly, with larger vessels becoming the standard for international trade. Through this expansion, PTML will be fully equipped to accommodate these next-generation Con-Ro vessels and keep Nigeria competitive for global shipping lines,” Mr Russo stated.
He added that the project responds directly to the Federal Government’s call for increased private-sector participation in port modernisation.
Mr Russo said the expansion would facilitate trade, increase cargo throughput, create jobs during construction and operations, and boost government revenue through higher port activity.
On his part, Mr Oyetola welcomed the investment as a vote of confidence in the Federal Government’s maritime reforms.
“This investment shows our reforms are yielding results and that international investors recognise the opportunities in Nigeria’s maritime sector,” the minister said. “We are determined to transform our ports into modern, efficient, and globally competitive gateways that support economic growth and position Nigeria as the maritime hub of West and Central Africa.”
Mr Oyetola said the government was implementing measures to improve port efficiency, reduce bottlenecks, upgrade infrastructure, and strengthen the ease of doing business.
He said these include port modernisation, deeper collaboration with private operators, digitalisation of port processes, and policies to attract more maritime trade.
General
Lagos Police Investigates Ammunition Package Delivery to First Bank MD
By Adedapo Adesanya
The Lagos State Police Command is investigating the delivery of a parcel containing live ammunition delivered to the managing director of First Bank Nigeria, Mr Oluwasegun Alebiosu.
The Commissioner of Police, Lagos State command, Mr Tijani Fatai, confirmed the incident on Tuesday during a press briefing at the command headquarters.
He said Mr Alebiosu reported the case on May 7, noting that two rounds of 7.62mm live ammunition were sent to him through a parcel.
“The managing director reported the matter to the police after a package containing two rounds of 7.62mm live ammunition was delivered on his behalf by his security guard at his residence. The case is still under investigation, and we are treating it with the seriousness it deserves,” he said.
According to him, the parcel was first received by the bank chief’s security guard, who then handed it over to him.
The police commissioner said that operatives have launched an investigation, including forensic analysis and intelligence work, to identify the perpetrators and the circumstances of the incident.
He added that no suspect linked to the crime has been brought into custody.
“Presently, no suspect is in custody. Even though the MD has mentioned some people whom he suspected of being the brains behind it, that is his suspicion, anyway. We are still working on it,” he said.
Mr Fatai noted that detectives are reviewing information provided by the complainant, including details of individuals who may have relevant knowledge of the incident.
He assured the public that the command would keep them informed as the investigations go on, adding that the public should allow the police to carry out their duties.
General
Makinde Imposes 16-Hour Curfew in 10 Oyo Local Councils Over Insecurity
By Adedapo Adesanya
The Governor of Oyo State, Mr Seyi Makinde, has approved the declaration of a 16-hour curfew in 10 local government areas of the state, as part of measures targeted at tackling insecurity.
According to a memo issued by the Secretary to the State Government, Mr Musibau Babatunde, the curfew takes effect from Wednesday, June 24, 2026.
The movement restriction, between 4 pm and 8 am, lasts for 48 hours in the first instance and affects local government areas bordering the Old Oyo National Park.
The affected local councils are Oriire local government (Headquarters: Ikoyi-Ile), Orelope (Headquarters: Igboho), Irepo (Headquarters: Kisi), Saki West (Headquarters: Saki), Saki East (Hq Ago-Amodu), Atisbo (Headquarters: Tede / Ago-Are), Itesiwaju (Headquarters: Otu), Iseyin (Headquarters: Iseyin), Olorunsogo (Headquarters: Igbeti), and Atiba (Headquarters: Offa-Meta, Oyo).
The development followed a series of protests that rocked the state over the abduction of children and teachers in the Orire Local Government Area in May.
The National Coordinator of the movement, Mr Juwon Sanyaolu, who spoke during the latest protest held on Monday, said the demonstration was part of ongoing efforts by the group to push for the freedom of the victims.
According to him, the protest “is a continuation of actions the organisation has embarked upon since the abduction of children and teachers” in the Orire Local Government Area of Oyo State in May.”
“We will continue to protest for the release of all abducted victims until they are free. We believe that government officials are in the comfort of their rooms and offices while innocent 46 students and their teachers are languishing in the kidnappers’ den.
“We are demanding freedom for all captives in the North, South, West, and East of Nigeria,” Mr Sanyaolu said.
He also criticised political leaders for focusing on preparations for the 2027 elections while insecurity continues to threaten the lives of Nigerians.
“We will not be sitting until 2027. By that time, we won’t even know how many will be alive.
“So that is why we are at the heart of Ibadan in Oyo State, where the abduction took place. The state and federal governments must act, or they will continue to witness mass action,” he added.
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