Lagos projects N387bn annual revenue from Oluremi Tinubu Leather Hub

3 Min Read

Lagos State says it will earn over N387.5 billion every year from the newly opened Oluremi Tinubu Industrial Leather Hub in Matori, Mushin.

Governor Babajide Sanwo-Olu made this known on Sunday during the commissioning of the facility named after the First Lady, Senator Oluremi Tinubu. He explained that the hub is expected to generate about $250 million in export revenue annually when it becomes fully operational.

“From today, hides and skins that once left our shores unprocessed will be transformed here in Lagos into world-class footwear, garments, and accessories proudly stamped, ‘Made in Lagos, Made in Nigeria,’” Sanwo-Olu said.

The governor noted that the project will create more than 10,000 direct and indirect jobs in its first three years, with 70 percent of the opportunities reserved for women and young people. He added that over 150,000 artisans will gain from specialized training and start-up support programmes at the hub.

Senator Oluremi Tinubu, in her speech, praised the state government for its commitment to boosting industrial growth and empowering artisans.

“This ultra-modern facility represents another milestone in the drive to empower artisans, strengthen MSMEs, and promote local manufacturing,” she said.

She also described the hub as a key part of President Bola Ahmed Tinubu’s Renewed Hope Agenda to drive economic diversification through industrialization, technology, and creative industries.

“Leather work is a traditional craft that has stood the test of time. This hub will serve as a centre for leather processing, footwear production, and specialized training, enabling artisans to compete confidently in both local and international markets,” Senator Tinubu added.

During her visit to Lagos, the First Lady also led the Renewed Hope Initiative Empowerment Programme, themed “Empowering Women for Self-Reliance and SDGs Acceleration.” The programme supported 1,000 women across the state with business tools such as deep freezers, gas cookers with ovens, generators, and industrial grinding machines.

“By providing these empowerment tools, we are not just giving handouts, we are planting seeds of enterprise, self-reliance, and long-term prosperity,” she said, noting the programme’s alignment with the Sustainable Development Goals on gender equality and economic growth.

The initiative also covered women in other Southwest states including Ekiti, Ogun, Ondo, Osun, and Oyo.

Share This Article
Exit mobile version