The Nigerian Export Promotion Council (NEPC) has taken a significant step towards diversifying the country’s export portfolio by signing a Memorandum of Understanding (MoU) with Lelook Bags Academy. This strategic partnership aims to increase Nigeria’s non-oil exports and empower local artisans in the handcrafted bag industry.
Key Highlights:
- MoU signing ceremony held in Abuja
- Collaboration targets growing global demand for handcrafted bags.
- Estimated market of 1.3 billion users across African regions
- Aligns with President Bola Tinubu’s renewed hope agenda
NEPC Executive Director and CEO, Mrs. Nonye Ayeni, emphasised the partnership’s potential to address critical national priorities:
- Job creation
- Youth empowerment
- Strengthening economic security
“This collaboration with Lelook Bags Academy marks a transformative initiative for Nigeria,” Ayeni stated. “The locally manufactured bags meet international standards, positioning Nigeria prominently in the global market.”
Lelook Bags Academy Founder and CEO, Mrs. Chinwe Ezenwa, highlighted the partnership’s objectives:
- Bolster’s expertise in manufacturing
- Promote inclusivity and innovation.
- Enhance competitiveness in global markets
- Support gender empowerment and vulnerable groups.
The 13-year partnership between NEPC and Lelook Bags Academy aims to:
- Enhance production capabilities.
- Deliver high-quality bags meeting global standards.
- Ensure Nigeria’s competitiveness in international markets.
“This collaboration represents a concerted effort to propel Nigeria as a leading manufacturer of diverse, locally made bags primed for global export,” Ezenwa added.
Industry Impact: The partnership is expected to significantly boost Nigeria’s manufacturing sector, particularly in the handcrafted bag industry. By leveraging local talent and resources, the initiative aligns with the government’s efforts to diversify the economy and reduce dependence on oil exports.
Conclusion:
The NEPC-Lelook Bags Academy partnership demonstrates Nigeria’s commitment to expanding its non-oil export capabilities. This strategic move is poised to create new opportunities for local artisans, boost economic growth, and establish Nigeria as a key player in the global handcrafted bag market.