Shea Butter: Nigeria’s Untapped Production Can Yield $2bn Annually – Director - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
June 11, 2019
TheNigeria Agribusiness Register Networking AgNet, says the country`s untappedshea-butter is capable of yielding two billion dollars about 721 trillion nairaannually.
TheManaging Director of AgNet, Roland Oroh, made this known at a press conferencetoday in Abuja.
Theconference was organised to sensitise Nigerians on the potential of the sheabutter products in the country through the outcome of the research conducted bythe company.
Orohsaid that AgNet has an investment facilitation platform of CommodityDevelopment Initiative, was founded some years ago working with public andprivate sector partners to support development in Nigeria including increasinginvestment in agriculture.
Accordingto him, a Global Shea Alliance briefing of the 6th International Shea IndustryConference revealed that Nigeria has the largest number of shea trees in theworld.
Orohsaid that the country hosts over 60 per cent of shea trees but failed toharness its full potential through value chain initiative to enter the globalmarket.