Thanks for posting your query at DoctorSpring.com. I can understand your concern. I reviewed the picture.
The picture is not really clear but I would think of the possibility of hirsute penis which is a completely harmless condition where there ectopic oil glands on the penis. It doesn't require treatment. Another possible diagnosis is balanitis which is a yeast infection and the treatment would be application of clotrimazole cream twice a day for three weeks.
Please let me know if you have any queries. Take care