Nigeria’s Minister of Science and Technology, Dr. Ogbonnaya Onu, said that the National Leather Policy of the Ministry will contribute to economic diversification of the country.
Dr. Onu announced this when he addressed the Advisory Board of Society of Leather Technologists and Chemists of Nigeria, in a courtesy call in his office in Abuja, the nation’s capital.
He said that the National Leather Products Policy would also help Nigeria in earning more foreign exchange through export and boost its economy through foreign exchange from leather products.
“Earnings from export of leather and leather related products will help Nigeria avoid an economic recession. Leather has been a gateway for industrialization of many countries, through Leather and Textile Nigeria will be able to develop more sophisticated technologies.”
“The Nigerian Institute of Leather Science Technology is presently supplying the Nigerian Armed Forces with its foot-wears, a feat, he said, that is worth celebrating.”
The Minister urged Leather technologists to help transfer their skills to willing young Nigerians so as to improve the nation’s productivity as well as Gross Domestic Product (GDP).
Earlier, the President, Society of Leather Technologists and Chemists of Nigeria Dr. Fidelis Tanko, said Leather can change the economic fortunes of any nation adding that global value for Leather trade is worth one hundred million dollars per annum.
He therefore called for Nigeria to key into the leather global trade to earn more foreign exchange and provide employment opportunities for Nigerians.