Firms Launch Tannery, Shoe Factory in Sokoto

By January 12, 2019 Investment News

An international start-up that aims to build a world-class leather value chain in North-west Nigeria, from tannery to marketing high-class artisanal products, has been launched in London.

The chairman and managing director of Sokoto Investment Company Limited (SICL), Tukur Umar and Muhammadu B Dasuki, officially opened the Pan African Leather project, to which their organisation has contributed an initial round of seed funding.

SICL, a publicly-owned investment facilitator in Sokoto State, partnered with Pan African Leather to revitalise the region’s traditional leather sector by creating a leather tannery and shoe factory in Sokoto expected in two years.

“Nothing is more important in Nigeria than creating jobs and addressing youth unemployment,” said Mr. Umar in a statement.

“We’ve built the right partnerships to help deliver this vision, which is based on Sokoto’s long tradition of leather processing and leather goods manufacturing.” Mr. Dasuki said.

The project is being coordinated by London-based Pan African Enterprises (PAE), a social partnership platform that seeks to contribute to economic development, industry and innovation in Nigeria through capacity building.

The statement said Dawn Spetale, chief executive of PAE, has assembled an international team of experts, including retired diplomats, investment advisers and business figures, to help direct the project towards its goal.

Source: Daily Trust