Ogun monarch backs Adire industrialisation, global expansion
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Verified Synthesis~38s readThe Project Coordinator, Prof. Olajumoke Familoni, disclosed this on Friday at the second edition of the Àdìrẹ Hub, held at the Ake Palace, Abeokuta, where traders showcased different creatively designed Àdìrẹ fabrics, clothing and other products. Familoni said the initiative was designed to move Àdìrẹ beyond its traditional market through improved production skills, better product packaging, mechanisation and access to international markets.
Context & Background
- ✦“Our goal is for Àdìrẹ to become a recognised global product and brand.
Key Figures & Named Entities
Friday:The Project Coordinator, Prof. Olajumoke Familoni, disclosed this on Friday at the second edition of the Àdìrẹ Hub, held at the Ake Palace, Abeokuta, where traders showcased different creatively designed Àdìrẹ fabrics, clothing and other products.2024:Also speaking, the Director of ICLED, Dr Tunde Bajela, said the vision of the Global Adire Egba Development Limited was to transform Àdìrẹ into a global textile brand capable of capturing at least one per cent of the global textile market, estimated at $`1tn, within 10 years of the company’s establishment in 2024.$10:He said achieving the target could translate into a market share worth more than $10bn, creating employment opportunities and helping to reduce poverty in Egbaland.
Outlook & Next Steps
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Key Takeaways
Verified Extract- The Project Coordinator, Prof. Olajumoke Familoni, disclosed this on Friday at the second edition of the Àdìrẹ Hub, held at the Ake Palace, Abeokuta, where traders showcased different creatively designed Àdìrẹ fabrics, clothing and other products.
- Familoni said the initiative was designed to move Àdìrẹ beyond its traditional market through improved production skills, better product packaging, mechanisation and access to international markets.
- “Our goal is for Àdìrẹ to become a recognised global product and brand.
Key Facts:Friday: The Project Coordinator, Prof. Olajumoke Familoni, disclosed this on Friday at the second edition of the Àdìrẹ Hub, held at the Ake Palace, Abeokuta, where traders showcased different creatively designed Àdìrẹ fabrics, clothing and other products.2024: Also speaking, the Director of ICLED, Dr Tunde Bajela, said the vision of the Global Adire Egba Development Limited was to transform Àdìrẹ into a global textile brand capable of capturing at least one per cent of the global textile market, estimated at $`1tn, within 10 years of the company’s establishment in 2024.$10: He said achieving the target could translate into a market share worth more than $10bn, creating employment opportunities and helping to reduce poverty in Egbaland.
Editorial Excerpt
The Alake of Egbaland, Oba Adedotun Gbadebo, has backed efforts to industrialise traditional Adire production for global expansion and foreign exchange ear
Frequently Asked Questions About This Story
What is the latest development regarding Abeokuta?
The Project Coordinator, Prof. Olajumoke Familoni, disclosed this on Friday at the second edition of the Àdìrẹ Hub, held at the Ake Palace, Abeokuta, where traders showcased different creatively designed Àdìrẹ fabrics, clothing and other products.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Abeokuta, Ogun State.
What timeline or key figures were confirmed?
The Project Coordinator, Prof. Olajumoke Familoni, disclosed this on Friday at the second edition of the Àdìrẹ Hub, held at the Ake Palace, Abeokuta, where traders showcased different creatively designed Àdìrẹ fabrics, clothing and other products.
