The Nigerian leather industry holds significant economic potential, with estimates suggesting it could generate approximately ₦23 billion annually and create around 700,000 jobs if fully harnessed.

However, the widespread consumption of hides and skins, locally known as 'ponmo', has been identified as a major factor hindering this potential. The Minister of Livestock Development, Mukhtar Maiha, has highlighted that this practice not only leads to substantial economic losses but also poses health risks due to the processing methods employed.

Additionally, it has been reported that China currently controls about 80% of Nigeria's leather industry, leaving only a small fraction for local producers. This dominance underscores the need for increased local participation and investment in the sector to reclaim and maximize its economic benefits.

To address these challenges, the Nigerian government is focusing on revitalizing the livestock sector, which includes the leather industry. Initiatives such as improving livestock breeds, enhancing animal health, and developing better processing facilities are being pursued to boost productivity and quality. Furthermore, strategic partnerships with international investors and agencies are being established to secure technical expertise and funding, aiming to position Nigeria as a regional and global hub for livestock production and export.

By reducing the consumption of hides and skins and investing in the development of the leather industry, Nigeria can unlock substantial economic opportunities, create numerous jobs, and improve public health outcomes.