Nigerian Govt Warns Against Ponmo Consumption Impacting $5B Leather Industry

The Nigerian government, through the Raw Materials Research and Development Council, highlights the detrimental effects of ponmo consumption on the country's leather industry, valued at $5 billion. Prof.

Nnanyelugo Ikemounso emphasized the need to curb the consumption of hides, as it deprives the local industry of essential raw materials for leather products. The industry's market value is projected to grow from $2.79 billion in 2024 to $4.96 billion in 2033.

Continuing the trend of diverting hides to ponmo consumption could hinder economic growth and competitiveness in the global leather market.