Business
New Lagos Leather Hub Poised to Transform Local Industry, Global Exports, Says Obasa
Lagos leather hub will generate $250m in exports and 10,000 jobs, positioning Lagos as a global leader in leather innovation, says Speaker Obasa
The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa has hailed the newly commissioned industrial leather hub as potent enough to position Lagos as a global leader in leather production and innovation.
Also read: Obasa Commends N500Billion ‘Produce For Lagos’ Initiative, Reaffirms Assembly’s Support
Located in the boisterous Matori, Mushin area of the state, the hub, now known as the Oluremi Tinubu Industrial Leather Hub, is designed to generate more than $250m annually in export turnover when fully operational, create 10,000 direct jobs while over 150,000 artisans would benefit from training and start-up support to boost productivity, and position Lagos as the leather logistics capital in West Africa.
Equipped with modern industrial leatherwork machinery capable of mass-producing shoes, bags, belts, packaging bags, and other leather products, the commissioning of the hub on Saturday was part of activities lined up for the First Lady, Mrs Oluremi Tinubu’s three-day official visit to Lagos.
In a goodwill message delivered at the ceremony, Obasa commended the state government for its initiative and investment, stating that the hub reaffirms the state’s leadership vision to transform Lagos into an industrial powerhouse.
He said, “This is more than just a facility; this hub symbolises our resolve to harness the ingenuity and entrepreneurial spirit of our people. I am convinced beyond measure that it will empower artisans, create thousands of jobs, and position Lagos as a global leader in leather production and innovation.”
Also read: Lagos tops global ranking as fastest-growing tech ecosystem in 2025
The Speaker further commended the state government for naming the leather hub after the First Lady, which he said is “a fitting recognition of her excellent service to the state as a three-term senator, her empowerment initiatives over the past two decades, and, also, as the wife of our beloved President.”
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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