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packaging of commodities to receipt of payment by the foreign buyers? It
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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.”
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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.
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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.”
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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)
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