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The Digest:

The Federal Government has warned that the consumption of animal hides and skins (ponmo) is depriving Nigeria's leather industry of essential raw materials, potentially costing the multi-billion dollar sector vital growth and global competitiveness.

Key Points:
  • The Federal Government has warned against widespread ponmo consumption.
  • The practice is depriving the leather industry of essential raw materials.
  • The Nigerian leather market was valued at $2.79 billion in 2024.
  • It is projected to reach $4.96 billion by 2033 if raw materials are secured.
  • The DG of RMRDC stated that this denies industries quality materials.
  • The global leather value chain is valued at up to $1 trillion.
  • The campaign aims to channel hides into industrial use for economic benefit.
As the call to sacrifice a beloved food for national industry spreads, it meets immediate public skepticism, revealing the gap between economic policy and the people's daily reality.

Sources: Business Day