August 21, 2017

Ponmo costing Nigeria $75b leather industry

Ponmo costing Nigeria $75b leather industry

Mr. Olufemi Aluko, of the Faculty of Clinical Sciences, Obafemi Awolowo University (OAU) , Ile-Ife, says Nigeria is losing out in the pack of countries competing for the 75 billion dollar global leather industry because of ponmo consumption.

Aluko blamed the situation on the country’s neglect of the leather products industry in favour of oil production and consumption of its hides and skin as ponmo. The don cited global industry report as confirming the situation urged the nation’s policy drivers to refocus on the sector as it holds great potential for export earning and employment. Read more

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