In 2002, five Egyptians visited Aba to understudy the designs of local shoe and trunk makers. After spending three days in the city, one of the visitors said, “If we have this kind of potential in our country, we will conquer the world with leather.”
No matter how it is estimated, the Aba leather industry, whether shoes or bags, provides jobs, creates wealth and produces taxes to the government. “It is no longer true that our products have low quality. That era is gone and we are in a situation where customers from different parts of Africa buy our products due to their quality and designs,” he said.
On his part, Anyanwu said the N300,000 provided by the development finance bank was only scratching the surface as setting up a mini shoe factory cost between $25,000 or more. He noted that there was a major challenge with the structure of funds provided by the development finance institution. Nevertheless, the government’s inability to fund this burgeoning industry has led to several other issues that have held the industry back.
“If you have this number of people in the leather cluster in India, I am sure they will be able to produce at least 20 million pairs of shoes each week. But that shows you that the government is failing in its responsibility,” she further said. As much as the export produces revenues to tanneries, it robs Aba shoemakers of quality raw materials needed to produce finished shoes, bags and trunk boxes, players said.
“People go to where they will make money, especially with the current foreign exchange scarcity now.”The largest leather producers in 2020 were China , Brazil and Russia , according to the UN Comtrade – a repository of official international trade statistics. Others were India and Italy .
Let the citizens patronises made in Nigeria goods like this one , and the lifeline comes naturally.
The most effective government lifeline will be a CBN-backed credit facility for consumers to patronise made-in-Nigeria, like made-in-Aba.
Instead of providing enabling environment for them to thrive, General MBuhari is writing the UK to tag them terrorists
They will get it ,we have a large domestic market for the business to thrive in Nigeria
Great wrk
Not this government as long as a certain tribe will not be the major beneficiary, Boohari can never look at it
Would they wait forever for Buhari, who cares little but will be willing to send soldiers to them quickly?
Bundle of respect to those human-machines making wonders at Aba. 🖤🖤🖤
Vote Peter Obi, that is your lifeline right there.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GuardianNigeria - 🏆 1. / 94 Read more »