"Ponmo consumption costs Nigeria’s leather industry $5bn" — FG cries out, warns citizens against consumption.
The Federal Government has raised fresh concerns over the widespread consumption of hides and skins, popularly known as ponmo, warning that the practice is harming Nigeria’s multi-billion-dollar leather industry.
Director-General of the Raw Materials Research and Development Council, Prof. Nnanyelugo Ikemounso, issued the warning on Thursday during the National Campaign Against the Consumption of Ponmo in Abuja.
He explained that diverting hides and skins for food deprives local manufacturers of essential raw materials needed to sustain and grow the leather sector.
According to him, the Nigerian leather goods market was valued at $2.79 billion in 2024 and is projected to reach $4.96 billion by 2033, but this growth could be derailed if ponmo consumption continues unchecked.
“From an economic and industrial standpoint, cowhides are one of Nigeria’s most valuable raw materials.
Our nation possesses a vibrant leather industry with enormous potential for job creation, foreign exchange earnings, and contributions to GDP,” he said.
Prof. Ikemounso added: “Sadly, the continuous diversion of hides for ponmo consumption denies our industries access to quality raw materials, weakens our tanning and leather manufacturing sector, and diminishes Nigeria’s competitiveness in the global leather market.”
He noted that the global leather value chain is valued between $420 billion and $1 trillion, stressing that with the right policies, infrastructure, and access to raw materials, Nigeria can significantly expand its share.
Ikemounso clarified that the campaign is not targeted at cultural or dietary practices but aims to ensure hides and skins are channelled into more productive industrial use for national economic benefit.
The Federal Government has raised fresh concerns over the widespread consumption of hides and skins, popularly known as ponmo, warning that the practice is harming Nigeria’s multi-billion-dollar leather industry.
Director-General of the Raw Materials Research and Development Council, Prof. Nnanyelugo Ikemounso, issued the warning on Thursday during the National Campaign Against the Consumption of Ponmo in Abuja.
He explained that diverting hides and skins for food deprives local manufacturers of essential raw materials needed to sustain and grow the leather sector.
According to him, the Nigerian leather goods market was valued at $2.79 billion in 2024 and is projected to reach $4.96 billion by 2033, but this growth could be derailed if ponmo consumption continues unchecked.
“From an economic and industrial standpoint, cowhides are one of Nigeria’s most valuable raw materials.
Our nation possesses a vibrant leather industry with enormous potential for job creation, foreign exchange earnings, and contributions to GDP,” he said.
Prof. Ikemounso added: “Sadly, the continuous diversion of hides for ponmo consumption denies our industries access to quality raw materials, weakens our tanning and leather manufacturing sector, and diminishes Nigeria’s competitiveness in the global leather market.”
He noted that the global leather value chain is valued between $420 billion and $1 trillion, stressing that with the right policies, infrastructure, and access to raw materials, Nigeria can significantly expand its share.
Ikemounso clarified that the campaign is not targeted at cultural or dietary practices but aims to ensure hides and skins are channelled into more productive industrial use for national economic benefit.
"Ponmo consumption costs Nigeria’s leather industry $5bn" — FG cries out, warns citizens against consumption.
The Federal Government has raised fresh concerns over the widespread consumption of hides and skins, popularly known as ponmo, warning that the practice is harming Nigeria’s multi-billion-dollar leather industry.
Director-General of the Raw Materials Research and Development Council, Prof. Nnanyelugo Ikemounso, issued the warning on Thursday during the National Campaign Against the Consumption of Ponmo in Abuja.
He explained that diverting hides and skins for food deprives local manufacturers of essential raw materials needed to sustain and grow the leather sector.
According to him, the Nigerian leather goods market was valued at $2.79 billion in 2024 and is projected to reach $4.96 billion by 2033, but this growth could be derailed if ponmo consumption continues unchecked.
“From an economic and industrial standpoint, cowhides are one of Nigeria’s most valuable raw materials.
Our nation possesses a vibrant leather industry with enormous potential for job creation, foreign exchange earnings, and contributions to GDP,” he said.
Prof. Ikemounso added: “Sadly, the continuous diversion of hides for ponmo consumption denies our industries access to quality raw materials, weakens our tanning and leather manufacturing sector, and diminishes Nigeria’s competitiveness in the global leather market.”
He noted that the global leather value chain is valued between $420 billion and $1 trillion, stressing that with the right policies, infrastructure, and access to raw materials, Nigeria can significantly expand its share.
Ikemounso clarified that the campaign is not targeted at cultural or dietary practices but aims to ensure hides and skins are channelled into more productive industrial use for national economic benefit.
0 التعليقات
·0 المشاركات
·281 مشاهدة
