The Lagos State Commissioner for Wealth Creation and Employment, AKINYEMI AJIGBOTAFE says 4 billion naira has been spent on the Lagos Industrial Leather Hub which is now 90 per cent completed and will be opened soon.

The Commissioner said this at the 2024 Ministerial Press briefing where he gave an account of the ministry’s activities in the last one year.

According to him, the government is staying true to its mandate of tackling challenges affecting the growth of Nano, Micro, Small and Medium Scale businesses, especially the informal sector.

He said one of such major initiatives is the establishment of industrial hubs, which entails creating a congregation of related enterprises in a close location for enhanced productivity, wealth creation and business development.

This is achieved through the provision of access to business accommodation, workshops, standard equipment, and infrastructural facilities at affordable costs. 

AJIGBOTAFE noted that a multiplier effect is to create value chains in such enterprises as leather works.