How to revive Nigeria’s neglected Leather Industry

Nigeria has the largest resource of goatskin and kidskin in Africa representing 46% and 18% of the total in West Africa and Africa, respectively. However, the lingering challenges in the leather industry such as structural barriers, poor visibility and lack of government intervention have led to revenue loss of about $300 million annually. Given the focus of the government towards economic diversification and support for the implementation of an agriculture-led industrialization as specified in the Economic Recovery and Growth Plan (ERGP), the government needs to explore the inherent opportunities in the leather industry through promoting public-private partnership, providing fiscal incentives as well as enhancing technology and human capital development in the industry.