The Federal Government has officially transferred the newly established Leather Enterprise Centre to the Audu Bako College of Agriculture, Dambatta, Kano State, as part of strategic efforts to transform the country’s livestock sector and unlock massive investment opportunities. The Minister of Livestock Development, Alhaji Idi Mukhtar Maiha, commissioned the facility during a working visit, describing it as a pivotal step toward equipping young Nigerians with marketable vocational skills, boosting industrial growth, and reducing youth unemployment.

Nigeria currently produces over 50 million hides and skins every year, with Kano processing more than 80 percent of this total output. The newly commissioned centre is designed to bridge existing skill gaps by providing students and local entrepreneurs with hands-on technical training, practical business incubation, and advanced research facilities in leather processing and shoe manufacturing.

This initiative is projected to position the regional leather value chain for global competitiveness, accelerating economic diversification away from crude oil dependency. Stakeholders and state officials have lauded the development, noting that encouraging academic-industry collaboration through sustainable public-private partnerships will significantly enhance local production capabilities.

Ultimately, the administration aims to move past exporting semi-processed raw materials by fostering complete domestic manufacturing of finished goods like footwear and bags. This shift is anticipated to trigger an industrial revolution across Northern Nigeria while transforming graduates from job seekers into employers of labor.

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The Edo State Government has reaffirmed its commitment to leveraging tourism and hospitality as key drivers of economic growth, job creation, and investment attraction.

State officials said tourism remains one of the sectors with significant potential to diversify the economy and reduce dependence on traditional revenue sources. The government is therefore intensifying efforts to reposition Edo as a leading destination for culture, tourism, and hospitality investments.

According to the government, the strategy focuses on developing tourism infrastructure, promoting the state’s cultural heritage, and creating an enabling environment for businesses operating within the hospitality sector. Authorities believe these initiatives will stimulate economic activities and generate employment opportunities, particularly for young people.

Officials noted that a thriving tourism industry has the capacity to support a broad range of businesses, including hotels, restaurants, transportation services, entertainment, and local enterprises linked to the tourism value chain.

The government also emphasized the importance of public-private partnerships in unlocking the sector’s potential. It called for increased collaboration among investors, industry operators, and stakeholders to accelerate tourism development and improve service standards.

Industry experts have consistently identified tourism and hospitality as sectors capable of driving inclusive economic growth due to their ability to create jobs directly and indirectly across multiple industries.

The renewed focus on tourism aligns with broader efforts to strengthen economic diversification and position Edo as a competitive destination for domestic and international visitors. Stakeholders say sustained investment in infrastructure, skills development, and effective regulation will be essential to achieving long-term growth in the sector.

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Nigeria’s industrial policy drive has attracted $380 million in investment commitments within the first 90 days of implementation, according to the Federal Government.

The development was disclosed as authorities highlighted early progress in efforts aimed at boosting industrial growth, strengthening local production, and attracting private sector participation across key sectors of the economy.

Government officials stated that the investment commitments reflect growing confidence in Nigeria’s industrial development agenda and ongoing reforms designed to improve the business environment. The initiative seeks to support manufacturing, increase productivity, create jobs, and enhance the country’s competitiveness.

The investments are expected to support projects across multiple industries, contributing to economic diversification and reducing dependence on oil revenue. Officials noted that industrial development remains a critical component of Nigeria’s long-term economic growth strategy.

The government also emphasized the importance of collaboration between public institutions and private investors in achieving sustainable industrial expansion. According to policymakers, creating an enabling environment for investment remains a priority under the current industrial policy framework.

Stakeholders believe the commitments could help stimulate production activities, encourage technology transfer, and strengthen value chains across strategic sectors of the economy.

Economic analysts have welcomed the development, noting that sustained investment inflows into industry could improve employment opportunities and support broader economic resilience.

As implementation continues, attention will focus on converting the investment commitments into operational projects capable of delivering measurable economic benefits and supporting Nigeria’s industrial transformation goals.

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Manufacturing emerged as the highest contributor to Nigeria’s non-oil tax revenue in the first quarter of 2026, generating ₦404 billion through Value Added Tax (VAT) and Company Income Tax (CIT).

This was revealed in the latest fiscal performance data covering key sectors of the economy, showing how industrial activity continues to play a central role in strengthening government revenue beyond crude oil earnings.

The sector’s contribution highlights the growing importance of domestic production and industrial output in Nigeria’s revenue structure. Despite ongoing economic pressures, manufacturing firms accounted for a significant share of tax inflows driven by increased production activities and formal sector compliance.

The data indicates that VAT collections remain a major driver of non-oil revenue, reflecting consumption patterns tied to manufactured goods and services. CIT payments from manufacturing companies also contributed substantially, reinforcing the sector’s position as a key pillar of corporate taxation.

Other sectors also contributed to non-oil revenue generation, but manufacturing maintained the lead, underscoring its expanding footprint in the country’s fiscal landscape. Analysts note that this trend reflects gradual improvements in industrial activity and tax compliance within the formal economy.

The performance comes at a time when Nigeria continues to push for diversification away from oil dependency. Policymakers have repeatedly emphasized the need to strengthen non-oil sectors such as manufacturing, agriculture, and services to stabilize public revenue.

However, challenges such as high production costs, foreign exchange pressures, and infrastructure deficits continue to affect manufacturing output. Industry operators have consistently called for reforms aimed at improving power supply, logistics, and access to affordable financing.

Despite these constraints, the sector’s strong tax contribution in the first quarter of 2026 signals resilience and its critical role in supporting government revenue objectives.

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