The Ministry of Science, Technology and Innovation is putting together the first ever National Leather and Leather Products Policy in Nigeria and its implementation Plan.
Minister of State in the ministry Mohammed Abdullahi made this known at the graduation ceremony of 165 trainees on footwear manufacturing and leather goods in Abuja.
He added that the policy implementation plan would reverse the ugly trend of huge capital flight suffered in market share of Nigerian manufactures, noting that the market share of Nigerian manufactures in recent times has increased by 10 per cent over 65 billion naira.
Abdullahi also explained that the sad realty about these developments was that 90 per cent of the benefits went to foreign countries while only 10 per cent goes into domestic accounts.
On his part, Director General of Nigerian Institute of Leather and Science Technology, NILEST Mohammed Yakubu noted that the graduation ceremony took place simultaneously in other four locations in Nigeria to graduate 165 young men and women in the training programme.
