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By now I am sure that you might have heard how the fashion industry will impact the Nigerian economy, “WILL” is the word, since what feels like ages, it has not yet started the foundation in other to impact the economy, its still trying to gather energy to start the thinking process required for building a foundation.
In October 1995, Gucci went public and had its first initial public offering on the AMEX and NYSE for $22 per share. And before that they honestly were not making any major mouth watering profits, so what happened to Nigerian fashion houses in 1995, and what is happening to them now?
The Speaker House of Representatives, Alhaji Yakubu Dogara, once said that unless key players in the Nigerian economy list their businesses on the Nigerian Stock Exchange (NSE) it will not make progress. Which is true, and for the designers it is also another opportunity for them, since you can’t get Nigerian investors from your door to door pitching exercises, why not list it and hopefully one million Nigerians can invest five Naira to their businesses, instead of giving foreign investors revenues made from Nigeria, like what the E-Commerce industry in Nigeria is currently doing, with companies like Konga, DealDey etc.