Wednesday, July 13, 2011

TRADING ON RAW HIDES AND SKINS IN NIGERIA: THE OPPORTUNITY.

From June, 2013 Foraminifera Market Research would start publishing our E- magazine. The magazine would focus on investment and business opportunity in Nigeria. Be the first to get hot investment and business opportunities in Nigeria by subscribing to our E- Magazine, Investing in Nigeria.

SOFT COPY SUBSCRIPTION

Annual subscription x 12 issues

Never miss another issue of Investing in Nigeria magazine. Get an Annual Subscription and get Investing in Nigeria magazine delivered direct to your E- Mail Address every month!

You would also have 12 months access to over 50 market intelligence reports on our website.
N5, 000 for 12 issues
Euro 25 for 12 issues
$32 for 12 issues

Subscribe Now!

For more on our subscription and membership package, please do visit http://www.foramfera.com/index.php/membership-zone

TRADING ON RAW HIDES AND SKINS IN NIGERIA: THE OPPORTUNITY.

In Nigeria, agriculture has remained the largest sector of the economy. It generates employment for about 70% of Nigeria’s population and contributes about 40% to the Gross Domestic Product (GDP) with crops accounting for 80%, livestock 13%, forestry 3% and fishery 4%.

Though contributing only 13% to the national GDP, livestock plays an important role by providing part of the nations protein needs and it is from it that hides and skin is gotten from.

Ranking only second to cocoa as Nigerians largest non-oil export in terms of volume ,processed hides and skin sure do have a lot of international demand where they are used in the production of leather products like shoes, bags, watch straps, belts etc.

Nigeria produces one of the best hides and skin in the world and in order to encourage the local processing of hides and skin, development of related industries and employment generation, government placed a ban on the export of raw hide and skin in Nigeria.

This ban on the export of raw hides and skin as lead to establishment of local tannery constantly in need of raw hides and skins for process hence creating supply opportunity for interested investors. However to tap into this opportunity, the investor would need to understand in details the different types and sizes of hides and skin in the market.

Important to note is the ever increasing competition between humans and industry for raw hides and skin in Nigeria which further creates scarcity of the product.

The major market destinations for Nigeria's processed hides and shin is mainly in Europe and Asia with Italy , China ,Hong Kong leading the pack.

Though in Nigeria, majority of the product processed hides and skin tends to come from cow and goat, other animal skin equally have great demand and they include crocodile, buffalo, Zebra etc. It is however, important to note that in order to guide against indiscriminate killing and pouching of wild animals, the convention on international trade of endangered species of wild fauna and flora {CITES}, signed a treaty that restricts the importation of animal skins in order to preserve such animals. The treaty also empowers CITES to grant exemption for trade in skins of animals reared in captivity.

To continue reading this article and other investment opportunities in Nigeria, please do click on the link below


TRADING ON RAW HIDES AND SKINS IN NIGERIA: THE OPPORTUNITY.

Should you require a market research report on the above subject matter, please do contact us.

At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.

Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies. 

Do you require one- on- one consultancy on the subject matter? Contact us with any of the details provided below to arrange a meeting

Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}
Mobile Number: +234 {0} 8033782777 {Monday – Saturday; 8 am – 6 pm}

E-Mail Address: enquiries@foramfera.com

Office Address: 

61-65 Egbe- Isolo Road,
Iyana Ejigbo Shopping Arcade,
Block C, Suit 39,
Iyana Ejigbo Bus Stop,
Ejigbo, Lagos.

Like and Follow us on 



HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA

Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.

The training cuts across different segment of the economy to include Agriculture, Export and Import, Food and Beverage, Manufacturing, Mining and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism and Transportation and are facilitated by seasoned professionals in their respective fields.

Please do visit the link below to access available training programmes

Foraminifera Market Research is a dynamic market intelligence company providing comprehensive market research solutions and strategic intelligence services to start-ups and existing businesses in Nigeria.

We prepare business plan, feasibility study and market report for the small and medium scale industries and develop the entrepreneurial capacity of our client with the aim of providing the much needed business data in Nigeria.

In keeping with our vision of providing services that adds value to our clients business and resources to develop their business into a strong and visible global brand, we would like to introduce to you to our sister websites

www.nigeriaoilandgasportal.com {The one stop for the oil and gas industry in Nigeria}
www.marketreportportal.com {Marketing and Sales of Market Intelligence Report}
www.nigeriabusinessplace.com {Online Business Forum}