Exploring New Horizons: Opportunities in the Leather Value Chain for Investors and Entrepreneurs.

 Exploring New Horizons: Opportunities in the Leather Value Chain for Investors and Entrepreneurs.

The leather industry has a long and rich history, dating back to ancient times. Today, it remains an important contributor to the global economy. The leather value chain comprises several stages, starting with the procurement of raw materials such as hides and skins. The hides and skins are then processed, tanned, and finished, before being used to manufacture a wide range of products, from shoes and bags to upholstery and car seats.

There are many opportunities for investors and entrepreneurs to participate in the leather value chain. New technologies and innovations are emerging that are transforming the way leather is produced and used, creating exciting opportunities for those willing to embrace change.

The African vibe/trend is a great way to start investing in the leather value chain. The common African leather bags, shoes and other accessories are commanding huge Forex earnings.

Investing in the Leather Value Chain.

Investing in the leather value chain can provide a wide range of opportunities for investors looking to diversify their portfolio and entrepreneurs looking to enter a growing market. The leather industry is a multi-billion dollar industry, and its importance and value are only expected to grow in the coming years.

The African vibe/trend is a great way to start investing in the leather value chain. The common African leather bags, shoes and other accessories are commanding huge Forex earnings.

This bag is called the African Leather Mudcloth  Backpack. Sold for $195 AUD.

This is called the Hausa Shoulder bag. @ $179.

Check out the website for more

https://www.tribalvillage.com.au/product/african-leather-mudcloth-backpack/

https://www.tribalvillage.com.au/product-category/tribal-fashion-accessories/hausa-leather-shoulder-bags/

 This is a major niche that can be harnessed, an entrepreneur can leverage on this to create a new revenue stream. These products are available in various designs, colors and sizes in Nigeria. The leather business to business summit last year featured some of these products.

Here are some other potential areas for investment in the leather value chain:

1. Sustainable and Ethical Leather Production – Consumers are increasingly demanding sustainable and ethical products, and the leather industry is no exception. Investing in companies that focus on sustainable and ethical leather production is a smart move that can provide attractive returns while also contributing to a better world.

2. Leather Processing and Tanning – Investing in leather processing and tanning technology can lead to significant gains. New technologies are emerging that are transforming the way leather is processed and tanned, creating greater efficiency and reducing environmental impacts.

3. Leather Manufacturing – The leather value chain comprises several stages, and investing in leather manufacturing can yield lucrative returns. Opportunities exist in manufacturing leather goods such as shoes, bags, upholstery and car seats. As consumers continue to demand high-quality and sustainable products, entrepreneurs that embrace new trends are well-positioned for success.

4. Online Leather Trading Platforms – Online platforms that connect leather producers with buyers can be a profitable investment. These platforms create new ways to reduce transactional costs, improve transparency, and increase efficiency in the leather value chain.

Investing in the leather value chain can be a profitable move, but it is important to undertake thorough research and due diligence to identify the best opportunities. As the market continues to shift with consumer demands, businesses and investors that can adapt to the changing industry landscape are most likely to thrive.

https://www.tribalvillage.com.au/product/african-leather-mudcloth-backpack/

https://www.tribalvillage.com.au/product-category/tribal-fashion-accessories/hausa-leather-shoulder-bags/

Ponmo Summit 2023 : discouraging the consumption of animal hides.

 The race to revive the leather industry is on and a multifaceted approach is needed to tap into the $300 billion dollars revenue opportunities in the leather value chain.

 Presently 88% of animal hides in Nigeria is processed as food, the popular Ponmo while only 12% is available for the leather industry.

The diversification of the economy by promoting industrialization in other sectors can be achieved if more attention is given to the leather value chain. A policy to increase in the proportion of animal hides available for the leather industry is a good place to start the campaign to discourage the consumption of ponmo.

The love for ponmo is depriving us of revenue from foreign investment through trading of leather goods and accessories as well as stifling growth of the leather industry. The leather value chain is  enormous with the capacity to generate over 500,000 jobs thereby eliminating unemployment as well as reducing poverty level.

  The questions we should ask now are : how can we get more animal hides for leather production? how can we tap into this huge Forex earnings? what can we do to discourage the eating of these hides? what incentives can be given to ponmo processors//dealers so that hides will move out of food chain to leather chain? 

 These answers will form a pathway for the desired industrialization drive as well as promotion of the leather value chain as discussed at the ponmo summit 2023.

 How can the consumption of hides  be discouraged?  create an awareness about the health implications of ponmo. It is no news that eating ponmo has been linked to cancer, liver and kidney disease e.t.c

Do you know that ponmo is fried using animal fat called tallow?

Do you know the processors reuse these oils severally without discarding ?

Do you know that the particles in the oil from fried ponmo are not drained out,increasing the possibility of poisoning due to bacteria growth?

 Studies have shown that animal fat is rich in  saturated fat which can cause heart disease as well as obesity. Further studies has shown that oils that foams/bubbles or has changed color should not be reused and that reusing oil results in release of free radicals in the body causing inflammations and cancer.     The free radicals released in the body has also been linked to central nervous toxicity

  Look at the oil used for frying ponmo.

Animal fat .

 Oil used for frying the ponmo.

The state of oil at the start of the processing the next  day.

More ponmo stories....

PONMO: There is more to the consumption of Ponmo

 Sometime ago there was an influx of bad ponmo into the country.These bad ponmo are actually hides and skin meant for the leather industry that some unscrupulous merchants smuggle and sell for human consumption. These ponmo are identified by the smell of the chemicals added to preserve the leather and unusual thickness. There was a raid on certain facilities with confiscation of the products and arrest of some merchants. Read more here.

Do you know that some bad elements have devised other modes of operation?

Do you know that hides and skin meant for leather are still processed and sold to consumers?

Do you know that some merchants go to the north to buy hides and skin for leather and process?

Do you know that the popular Ponmo Ijebu is not wholesome?

Do you know that merchants go to the north procure hides and skin meant for leather industry and process for consumption?

Do you know that in the north the leather merchants say" TAKALAMINKANO, NAMAN LAGOS?

Meaning shoe in Kano is meat in Lagos.

Let me show you the ponmo ijebu before and after processing.

Ponmo Ijebu.

Ponmo Ijebu.

Processed Ponmo ijebu.

When people are looking for cheap, they end up buying rubbish. Support your #local butchers buy wholesome  products. Tell someone to tell someone to say no to Ponmo Ijebu.

Read more about ponmo ijebu? find out next post.

Ponmo vs leather : The multi- billion dollar leather industry.

 

The leather value chain is a billion dollar industry within the multi- billion dollar  red meat value chain. Bovine leather is an essential part of the multi billion dollar industry.By working together, we can create innovative solutions to drive the leather sector forward. 

 An effective policy could inspire the widespread use of leather in place of other materials. Once established, it could create a new stream of revenue while creating sustainable jobs in tanneries and related industries.

The development of the leather value chain will create a new revenue stream as well as increase participation in the red meat value chain. The leather value chain is comprised of many different players including tanneries, tannery owners, leather manufacturers, and retailers. Each player has a  role in creating and maintaining this valuable chain.

The leather industry as at 2019 was worth 17 billion but now its about 300 billion dollars.

 Ponmo vs leather : lets begin

Is the cow hide (Ponmo) safe to eat?

Ponmo – cow hide meat – is a popular food in parts of Nigeria and across West Africa. But nutritionists and scientists in the region warn about the safety and nutritional value of this local delicacy. 

 In this episode of Africa Science Focus, our reporter Royal Uche speaks with Abiodun Wahab, program operations officer at the One Health and Development Initiative, about the toxic bacteria found in the meat even after cooking. Sherifah Wakil, associate professor of microbiology at the University of Ibadan, shares findings from her latest research on the contamination of the meat. 

 Obaisi Alaanuloluwa, environmental and social development consultant for the World Bank, explains how ponmo affects the environment. 

Source....SciDev.Net’s Sub-Saharan Africa English desk

 The Ponmo story. read

 

 more ponmo news: Ponmo and leather industry.

 All you need to know about Ponmo.

The leather business summit and expo.

Leather
 #leather institute

The federal government plans to ban Ponmo to promote the leather industry.

THE Federal Government has said it was proposing a legislation to ban the consumption of animal skin, locally known as ponmo, in the country to revive tanneries. 

 Director-General, Nigerian Institute of Leather and Science Technology, NILEST, Zaria, Muhammad Yakubu said this in Abuja on Sunday. NILEST was set up to promote leather production as provided in the Agricultural Research Institute Act of 1975. 

        The leather business summit and expo.

The institute conducts research the production and products of leather and the utilisation of local tanning materials in the country. Yakubu, who said the litigation was necessary to revive the comatose leather industry in the country, said the habit of eating animal skin, which has no nutritional value, should be stopped to save the industry and boost the nation’s economy. 

 The Director-General added that the institute, in collaboration with stakeholders in the industry, would approach the national assembly and state governments to bring out legislation banning “ponmo” consumption. 

        The leather hub :Leather value chain 

 The tannery project was conceived by the Sanwo-Olu administration in 2020 for the production of leather products, such as shoes, belts, bags and upholsteries. The facility would also offer training opportunities for youths to learn skills in leather manufacturing and earn a living in the value chain. 

The Economic value of the hub is that the entire production process can start and end here in Lagos. Jobs will be generated and businesses will be developed He said that raw leather exported to China and Europe were brought back to Nigeria in finished goods and they were more expensive.