The ninth edition of the Lagos Leather Fair is scheduled to take place on June 27 and 28, 2026, at the EPAC Centre, Victoria Island, Lagos.
This year’s event, themed “Beyond the Hide: Scaling Value, Building Industry, Driving Growth,” will focus on strengthening Africa’s creative and craftsmanship industries while accelerating value creation across the manufacturing value chain.

Leadway’s continued support for the fair aligns with its broader vision of promoting business resilience, sustainable enterprise growth, and the development of Nigeria’s leather and creative manufacturing ecosystem. The sector has increasingly been recognised as a key contributor to the country’s export potential and global cultural influence.

Speaking on behalf of Leadway Group, the Managing Director and Chief Executive Officer of Leadway Pensure, Olusakin Labeodan, described SMEs as critical drivers of economic growth, innovation, and wealth creation in Nigeria.

“SMEs are the critical drivers of Nigeria’s economic growth, innovation, and generational wealth creation,” Labeodan said. “The leather industry provides huge opportunities for our young entrepreneurs and creative minds to be part of a vibrant, resilient and incrementally growing value-retention economy, and this aligns strongly with Leadway’s commitment to enabling sustainable enterprise growth on the continent.”

He noted that the leather industry remains a largely untapped opportunity for value addition and industrial development. According to a 2025 report by the United Nations Industrial Development Organisation (UNIDO), Nigeria processes more than 750,000 metric tonnes of raw hides and skins annually, much of which is exported as low-value raw material.

“This presents a significant opportunity for value retention and industrial development within the sector,” he added. “It is within ecosystems such as this, where the potential for transformation is high, that Leadway continues to deepen its engagement and support.”

As part of its sponsorship, Leadway will engage with stakeholders at the event and showcase financial solutions designed to meet the needs of individuals, SMEs, and creative businesses. The company said the initiative reflects its longstanding commitment to equipping entrepreneurs with the tools, knowledge, and resources required to build resilient businesses, overcome challenges, and achieve sustainable growth.

Since its launch in 2017, the Lagos Leather Fair has evolved into one of Africa’s leading platforms for stakeholders across the leather value chain. The event brings together designers, manufacturers, suppliers, and industry leaders to promote collaboration, innovation, market access, and business development within the sector.

About Leadway Group

Leadway is a financial services group with expertise across insurance, pensions, asset management, trusteeship, and investment solutions. Established in 1970, the company has grown from a traditional insurance provider into a diversified financial services group with interests spanning general and life insurance, pensions, wealth management, health insurance, and hospitality.

For more than five decades, Leadway has built a reputation for reliability, innovation, integrity, and strong corporate governance, providing solutions that help individuals and institutions protect, grow, and transfer wealth. Today, it remains one of Nigeria’s most trusted and resilient financial services groups.

The post Leadway Backs Lagos Leather Fair for Fourth Consecutive Year to Boost SMEs and Creative Industry appeared first on Business Today NG.

The non-life portfolio accounted for N55.4 billion of total claims expenses, while annuity payouts reached N57.9 billion, and life business claims accounted for N23.7 billion.

Insurance revenue rose by 30% from N173.2 billion in 2024 to N225.3 billion in the year under review while  total assets grew to N1.155 trillion from N1,024 trillion.

Commenting on the results, Gboyega Lesi, MD/CEO of Leadway Assurance, stated, “Our 2025 performance reflects the resilience of our business model, the trust our customers continue to place in the Leadway brand, and our unwavering commitment to honouring obligations when customers need us most. Paying N137 billion in claims across our annuity, life, and non-life portfolios demonstrates the strength of our balance sheet and our customer first commitment” he said.

“As the industry evolves under the Nigerian Insurance Industry Reform Act 2025, we remain well positioned to drive innovation, deepen insurance penetration, strengthen digital capabilities, and deliver sustainable long-term value to our customers and stakeholders.”

“Leadway would continue to prioritise technology-driven innovation, enhanced customer experience, operational efficiency, and product development initiatives aimed at expanding access to insurance solutions across Nigeria”.

About Leadway Assurance

Leadway Assurance is one of Nigeria’s leading insurance companies, providing a wide range of financial protection services including life insurance, general insurance, among other financial solutions. With 55 years of experience, Leadway is dedicated to delivering innovative solutions and superior service to its customers. 

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The campaign is designed to reduce preventable road accidents, encourage compliance with traffic regulations, and foster a stronger culture of safety among motorists nationwide. It also includes incentives to reward drivers who consistently adhere to established safety standards.

As part of the initiative, a webinar titled “Arrive Alive Because Life is Priceless” was held on May 6, 2026, featuring FRSC Lagos State Sector Commander, Kehinde Hamzat, and Leadway’s Head of Technical Risk Management, Otuyemi Olatunde. They highlighted key vehicle safety requirements and common causes of road crashes, including driver distraction, negligence, and unsafe practices.

The programme continued with physical sensitisation exercises on May 7, 2026, at the FRSC office in Ojota and the Ojota Motor Park in Lagos, where motorists were trained on safe driving practices, regulatory compliance, and responsible road use.

Drivers who demonstrated compliance—such as wearing seat belts, maintaining valid documentation, and carrying essential safety equipment—were recognised and rewarded as part of the campaign’s behavioural reinforcement strategy.

Both organisations reaffirmed their commitment to reducing road traffic incidents in Nigeria, stressing that sustained public education, enforcement, and behavioural change are essential to improving road safety and saving lives.

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