By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: FG Approves National Leather Policy
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

FG Approves National Leather Policy

Farouk Mohammed
By Farouk Mohammed
Published: November 1, 2018
Share
2 Min Read
SHARE

The Federal Executive Council (FEC) has approved the Nigerian leather policy, aimed at boosting the business opportunities in the leather sector.

Minister of science and technology Ogbonnaya Onu, says the policy can generate $900 million if well harnessed.

Onu said the leather industry generated $921million for the government in 2013, a feat that can be replicated.

His words: “We resolved to harness the national leather and bye products policy that will enable the government to attract more investment into the sector,” he told state house correspondents at the end of the FEC meeting on Wednesday.

- Advertisement -

“We would do this in a manner that will allow us to make more gains instead of exporting raw leather or semi-finished products. We want to prepare our nation so that we can process our leather and use the leather in the production of finished leather products.

“We have come to realize that it has application in almost every sector of our economic life, including footwear, apparels and automobile industry. There is hardly any machine that you will open without finding a leather component. This is the only way we can create more jobs and a lot of wealth. We would be in a position to fight poverty.

“In any country, they always start with textiles and then leather. Here we have a comparative advantage because our labour cost is low. As far as light leather is concerned, we are number two in Africa and number 8 in terms of exporting leather in the world.

“If we harness the leather we have in Nigeria and that we processed our hides and skins, we will be creating a lot of jobs and wealth because of the small-scale enterprises that will spring up. You will now be having new business springing up.”

- Advertisement -

Read More News

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:FGNational Leather Policy
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Kano House of Assembly Invites Ganduje Over Bribery Videos
Next Article Kizz Daniel Drops Song “One Ticket” Featuring Davido [Listen]

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured
News
- Advertisement -
Ad imageAd image

You May Also Like

Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Mike Ejeagha
News

Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95

Muhammad A. Aliyu
Muhammad A. Aliyu
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?