Business
Association Charges FG On Leather Industry
The Leather and Allied
Products Manufacturers Association of Nigeria (LAPMAN) last Wednesday urged the Federal Government to develop the indigenous leather industry to reduce importation of finished products.
The Chairman, Board of Trustees of LAPMAN, Alhaji Bashir Danyaro, made the call in an interview with our correspondent on the sideline of the two-day Leather Industry Revival Conference which ended in Abuja.
Danyaro said that a lot would be achieved if the industry was fully developed and that more revenue would be generated from the exportation of finished leather products.
“The last (leather foreign exchange) figure we had in year 2009 was $680 million but in 2011, it went up to $3 billion, according to Central Bank’s figures.
“In the nearest future, it is to see the Nigerian leather industry being grown to the level that Brazil has gone.
“Brazil now is exporting leather to 80 different countries, finished leather and finished goods.
“We are only exporting semi-finished and very little finished leather.
“But now we want a situation where our leather when we finish in Nigeria, should be produced into goods that we can export abroad.
“Then we are now adding value and creating more jobs and getting more money out of our products than sending our raw material from our country to finish them and return them to our country.“
The chairman listed the major challenges confronting the sector as: inadequate infrastructure, the need for manpower development and adaptation of new technologies as well as policy gaps.
“There are policies that government must make sure it creates so that it can help the industry grow; one of them is the local content.
“Government should encourage buy-in to save jobs so that Nigerians will be encouraged to buy Nigerian goods, thereby creating job for Nigerians.’’
According to Danyaro, the country used to have about 40 tanneries but the number has dropped to 10.
He, therefore, urged the government to ensure the revival of the industry to boost production, create jobs as well as gain the confidence of the people to wear their finished products.
“If the government has been able to take care of the industry the way it should, we would definitely have seen a change especially in the Northern part of the country where we have youths doing nothing.
“The leather industry is big enough to take all of them and give them gainful employment.
“It is a labour intensive area; all the leather chains require people and a lot of people.
“Any factory that is either making leather or producing shoes or bags uses a lot of labour.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
Business
AFAN Unveils Plans To Boost Food Production In 2026
-
Politics5 days agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Business5 days ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports5 days agoJ And T Dynasty Set To Move Players To Europe
-
Business5 days ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Entertainment5 days agoAdekunle Gold, Simi Welcome Twin Babies
-
Entertainment5 days agoFunke Akindele’s Behind The Scenes Crosses ?1.77bn
-
News2 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Featured5 days agoRSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
