Nigeria stands to benefit immensely from the Shea Industry if the informal sector is properly harnessed. The industry can boost employment generation, alleviate poverty, create wealth, sustain the environment and attract foreign investment.
At the present moment, Nigeria accounts for about 57 per cent of the world Shea nut production of which the global Shea market for Chocolate/ Confectionery value is approximately $117bn while that of the Cosmetics industry stands at $382bn.
Nigeria needs an opportunity for business linkages between Nigeria’s and the rest of the world, reduce trade barriers and also achieve sustainability. That is why the country would be on the right path to diversifying its economy through strategic focus on the commodity’s export business if it uses the opportunities in shea butter production to eradicate poverty, improve rural economies and also provides richness in our teeming youths.
However, nowadays, there is a decline in seed cotton production in the county despite been blessed with a fertile land for cotton production. Efforts must be geared towards increasing shea butter production.
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