How northern Nigeria can benefit from tanning sector resurgence

By Temitayo Lawal
Posted on Wednesday, 4 May 2022 14:58

A worker steams a gloves in Pittards world class leather manufacturing company in Ethiopia's capital Addis Ababa
Leather manufacturing in Ethiopia's capital Addis Ababa, a successful industry that Nigeria is trying to mirror. Picture taken March 22, 2016. REUTERS/Tiksa Negeri

Nigeria’s tanning sector has emerged as the shining star in the latest National Bureau of Statistics (NBS) Q4 2021 Capital Importation Report released in March.

The sector, which is largely dominated by the northern part of the country, attracted over $645m in the last quarter of 2021 alone.

This is important not only because the sector has attracted very little foreign investment since 2013 when the report started covering the tanning sector, but also because it may be a boon for the northern states, which have traditionally received little to no investment over the years.

In the last quarter of 2021, out of a total of 36 states, 24 attracted zero investments, 17 of which are in the north.

Nigeria’s top five capital-receiving sectors, Q4 2021

Sector/Name of Business Capital Imported ($million)