Lagos has projected annual export earnings of N387.5 billion from the newly inaugurated Industrial Leather Hub once it becomes fully operational, Gov. Babajide Sanwo-Olu said.
The governor made the disclosure on Saturday at the commissioning of the facility in Matori, Mushin, adding that the hub would position Lagos as the leather logistics capital of West Africa, according to the News Agency of Nigeria (NAN).
He described the project as a crucial step in Nigeria’s efforts to diversify the economy beyond oil.
“Gov. Babajide Sanwo-Olu of Lagos State says annual export earnings exceeding $250 million (₦387.5 billion) are projected when the Lagos Industrial Leather Hub becomes fully operational.
“Sanwo-Olu made this known on Saturday during the inauguration of the hub at Matori, Mushin, Lagos,” the NAN report read in part.
Sanwo-Olu said the hub is expected to create more than 10,000 jobs within three years, with 70% reserved for women and youth. He added that over 150,000 artisans would have access to advanced training and start-up support to strengthen competitiveness across the leather value chain.
The Lagos State governor credited Nigeria’s First Lady, Sen. Oluremi Tinubu, for inspiring the initiative through her focus on women and youth empowerment, while also acknowledging the Council for Leather Exports and private investors for backing Lagos as Africa’s next leather frontier.
The governor pledged continued state support to safeguard and expand the hub through transparent regulation and infrastructure upgrades.
He said the facility would be integrated with fashion districts, e-commerce platforms, and the Lagos Blue Line Rail to enhance logistics for goods and people.
Sanwo-Olu added that the hub would drive innovation, attract investments, and raise the living standards of Lagosians, stressing that its true success would be measured by the number of households lifted above poverty.
Credit: Nairametrics
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