The US Assessment Shows That Nigeria Has Great Potential In Leather Industry.

A Nigeria leather industry sub industry evaluation report recently disclosed by the international chemical economic company disclosed that although Nigeria's domestic production capacity can meet local demand or even export, the number of imported shoes per year in Nigeria has also reached about 20 million pairs.

The report also revealed that

The negligence of imported shoes may cause the country's leather industry to lose the opportunity brought by the global $72 billion leather market.

According to the report, in the long run, the shoe market in Nigeria will develop into a market worth 104 million US dollars in the next 10 years.

If we invest, stakeholders can get a share here.

The growth of the market will inevitably bring about an increase in employment.

The increase in disposable income of the people of Nigeria will surely ignite the demand for high-quality leather shoes, jackets, bags and furniture.

But observe the current Nigeria.

The product market only reached a steady growth of 3% on the average of the year.

The report points out that although developed countries are the main consumers of leather goods, they export large quantities of raw leather to developing countries for reprocessing.

"These developing countries that can bring value increase are unable to keep up with the demand for semi-finished leather and finished leather products, so they are constantly seeking new supplies.

West Africa has been seen as a potential source market. "

"Nigeria already has a prosperous export market, and the red Soto of Nigeria sheep is expensive in the international market, especially in Italy.

There are many large animal communities in Nigeria, and all the raw materials for leather making and leather products can be produced locally.

If these resources can be used strategically, Nigeria can greatly increase its share in the international leather and leather goods market. "

"There is a special food made from animal skin in Nigeria called Ponmo, which is called the local delicacy.

At present, the demand for "Ponmo" is competing with the leather demand of leather making, and there is a tendency to win.

Because the raw material needed for the production of "Ponmo" does not have much quality requirement, it can give a price of 5 times.

In short, the report suggests that if Nigeria wants to make full use of the capacity of the leather goods manufacturing industry, more high-quality resources will be needed.

The report also adds that the leather products industry in Nigeria has great potential to generate foreign exchange and create jobs, especially to create more job opportunities for women.