Entrepreneurs in Nigeria’s leather industry have said they are sourcing materials locally and seeking innovative methods to mitigate the effects of high inflation, exchange rate fluctuations, and other economic challenges.
These insights were shared at the recently concluded Africa Leather Fair, held on June 29th and 30th in Lagos.
During the event, industry stakeholders emphasised the need for a stable economic environment and increased government support to enhance value in the supply chain and maintain profitability. Entrepreneurs highlighted the importance of policies that could foster growth and sustainability in the sector.
Jerry Tagang, representing the Director General of the Nigerian Institute of Leather Science and Technology, reiterated the necessity of banning the consumption of animal skin, locally known as “kpomo,” and enforcing tax breaks.
Lillian Jijingi
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