The Chief Executive Officer of DO.II Designs Ltd, Ifeyinwa Ighodalo has shed light on the hurdles faced by Nigeria’s furniture industry, highlighting a significant skill gap and scarcity of dollars.
Ighodalo revealed these issues to media in Lagos on Tuesday, while also announcing the upcoming DO.II Big Black Friday deals.
She claims that the impact of dollar scarcity and high exchange rates may be seen in market prices for furnishings.
Ighodalo said that more than 80% of the raw materials used in the production of designs and furnishings are found locally, with the remaining 20% imported.
He added that the company imports some items, such as conference tables, to cater to diverse clientele needs.
From imported fabric to decorations, Ighodalo acknowledged the industry’s progress in reducing reliance on foreign sources.
However, she noted the continuous challenge of fluctuating prices, even within short timeframes, affecting operational costs.
Notably, she expressed concern about the insufficient tree planting in Nigeria, allowing the Western World to exploit this oversight.
Ighodalo said, “Some of those who are not able to import directly come to DO.II Designs Ltd because of the dollar challenge.”
She stressed that, before considering furniture purchases, individuals must contend with essential needs like food, rent, and other necessities.
Despite these challenges, Ighodalo recognised Nigeria’s pool of talented individuals but emphasised the need for training to refine these “rough diamonds.”
She proposed the establishment of a training school, advocating for the recruitment of skilled masters from around the world to contribute to the industry’s growth.
Commenting on the DO.II Big Black Friday, Ighodalo revealed that the event has been an annual tradition for the past 5 to 6 years, held in November on Black Friday.
She said the sale aims to offer opportunities for customers to engage with and benefit from the offerings of DO.II Designs Ltd.