Friday, 28 June 2019

NIGERIAN SHEA BUTTER DEALERS INVEST $30M IN BUILDING PROCESSING PLANTS

In a renewed drive for agricultural commodity beneficiation and value addition, agro dealers in the Nigeria’s Shea industry have made an estimated $30million financial commitment into building a number of Shea processing factories.

Hmmm!!! Folks, let us say the truth and shame the devil. Many Nigerian non-oil products exporters have been defrauded of huge amount of money in the process of exporting agricultural commodities and solid minerals to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, would you like to keep on being scammed? Why don’t you get a practical manual that explains the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers? It explains export operations, export management, export documentations and methods of payment in export trade? Yes, it is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on this link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

The Director, Nigeria Agribusiness Register, Roland Oroh, who disclosed this in Abuja, during his organisation’s monthly Agribusiness Networking (AgNet) conference, hinted that investors have committed to setting up about five to eight local modern Shea processing plants estimated to cost between $20million and $30million.

In his presentation titled, “A Snap Shot of the Nigeria Shea Industry,” Oroh assured that “in the next 12 months, you will be seeing a revived local Shea association providing support to members and the industry because donors are responding.”

Are you tired of your dented car’s look? Is your vehicle losing shape and colour? Do you desire your vehicle to look like a brand new one? Then, it is the right time to come to GOF Autos Limited for priming, panel beating, painting (with Sikkens paint) and oven baking at rate of N70,000 for cars and N80,000 for SUVs. For details, click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html

Oroh pointed out that the USAID West Africa Trade Hub project will be resident in Abuja very soon, and Shea is one of the key export products to be supported, saying the project would have a large grant component to support innovative ideas. He said for Nigeria to benefit maximally from the industry, government and other stakeholders must devise creative ways to fund startup businesses.

“There is no bank that would give out loan without collateral. That is a global practice. How then do we fund startups? There have to be creative ways. What we need is risk capital for start-ups,” he said.

According to him, there is also a need for advocacy campaign in the grassroots to stop the illegal felling of trees, especially in the rural areas.

Be a Landlord in Lagos by acquiring plots and hectares of land @ Royalty Homes Estates in Lekki, Agbara, Ikorodu and Mowe. Do not wait to buy. Rather, buy and wait. For details, click: http://www.tectono-business.com/2019/06/be-landlord-in-lagos-by-acquiring-plots.html

The Director-General, Niger State Commodity and Export Promotion Agency (NCEPA), Mrs. Zainab Halilu, regretted that even though Nigeria has the largest Shea trees in the world, but yet is the lowest exporter of Shea butter in West Africa.

She said the Niger State Government has achieved much in the industry by purchasing a robust technology for processing and planting about 100,000 seedlings in the three senatorial districts, adding that: “the state will establish Shea refinery to boost production.”

Have you ever imagines how the financial status of your company will grow when more than 20,000 CEOs and top managers of multinational companies pay for your products and services? For more information, click on the link below: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html

Wife of the Niger State Governor, Amina Bello, stressed the need to have an alliance between the government and the private sector, and tasked states to leverage the industry as a way to improve their Internally Generated Revenue (IGR). (Guardian)

No comments:

Post a comment