Nigeria: Capital boost for leather shoe manufacturers
08/09/2017
Betsy Obaseki, managing director of BOI Investment and Trust Company, said it had singled out the Abu leather cluster as a potential area for growth and that artisans could access to up to $30,000.
She told local press: “They are doing 20,000 pairs of shoe daily and if we support them, we expect they can do a lot more to satisfy the Nigerian market and even export to Europe. They are already exporting to West African countries and we are confident that Nigeria could benefit enormously from this partnership.”
Mazi Okechukwu William, president of the Leather Products Manufacturers Association of Abia State, added: “The finished leather products in Nigeria will be greatly impacted because, for a long time, we have been having issues with finishing and we thought the best thing to do is to get advanced technology into the system. This partnership will help us improve our productivity to boost the industry.”
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