The Nigeria Agribusiness Register Networking AgNet, says the country`s untapped shea-butter is capable of yielding two billion dollars about 721 trillion naira annually.
The Managing Director of AgNet, Roland Oroh, made this known at a press conference today in Abuja.
The conference was organised to sensitise Nigerians on the potential of the shea butter products in the country through the outcome of the research conducted by the company.
Oroh said that AgNet has an investment facilitation platform of Commodity Development Initiative, was founded some years ago working with public and private sector partners to support development in Nigeria including increasing investment in agriculture.
According to him, a Global Shea Alliance briefing of the 6th International Shea Industry Conference revealed that Nigeria has the largest number of shea trees in the world.
Oroh said that the country hosts over 60 per cent of shea trees but failed to harness its full potential through value chain initiative to enter the global market.