The Federal Government has warned that the ongoing consumption of hides and skins, commonly called ponmo, threatens Nigeria’s leather industry, currently valued at around $5 billion. Speaking at the National Campaign Against Ponmo in Abuja on Thursday, Prof. Nnanyelugo Ikemounso, Director-General of the Raw Materials Research and Development Council, said the practice diverts vital raw materials away from local leather production and export. He noted that the Nigerian leather goods market, valued at $2.79 billion in 2024, is projected to reach $4.96 billion by 2033, cautioning that continued consumption of…
Read MorePonmo threatens $5bn leather industry, FG warns NigeriansÂ
