The Minister of Science and Technology has said that the National Leather Policy of the Ministry will contribute significantly to economic diversification of the country.
Dr Onu disclosed this when he addressed the Advisory Board of Society of Leather Technologists and Chemists of Nigeria who paid him a courtesy call in his office on Thursday in Abuja.
Dr. Onu further said that the National Leather Products Policy will also help Nigeria in earning more foreign exchange through export.
He further said Nigeria can boost her economy by earning foreign exchange from leather products. In his words “Earnings from export of leather and leather related products will help Nigeria avoid an economic recession.
Leather and textile, he added, has been a gateway for industrialization of many countries, adding that “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 footwears, a feat, he said, that is worth celebrating.
He urged Leather technologists to help transfer their skills to willing young Nigerians so as to improve the nations productivity as well as Gross Domestic Product (GDP).
Earlier, the President, Society of Leather Technologists and Chemists of Nigeria Dr. Fidelis Tanko, said Leather is of international value and can change the economic fortunes of nations. He added that the global value for Leather trade is worth $100 Million per annum.
In addition, he called for Nigeria to key into the leather global trade to earn more foreign exchange and provide employment opportunities for Nigerians.
FOR: HEAD (PUBLIC COMMUNICATION)
19TH SEPTEMBER 2019.