The Raw Materials Research and Development Council (RMRDC) said it has initiated a strategic collaboration with both local and foreign investors to leverage the opportunities presented by the ban on shea nut exports.
Professor Nnanyelugo Ike-Mounso, the Director-General of RMRDC made the announcement while addressing journalists in Abuja on Thursday, with a view to creating jobs and boosting foreign exchange earnings through local processing.
The RMRDC boss highlighted that this collaboration would foster the development of industrial clusters and maximize the value chain of shea products.
“These products, derived from the raw materials, are essential for the production of butter, oil, medicines, cosmetics, and various other items.
“The establishment of these clusters is expected to stimulate economic activities in the shea-producing regions, creating a ripple effect that benefits local communities and businesses alike,’’ he said.
According to him, ” To ensure the success of this initiative, the RMRDC will undertake a comprehensive mapping of shea belts across the country and implement capacity-building programs for stakeholders in the sector.
He noted that these efforts are designed to optimize the nation’s benefits from the full potential of shea, aligning with the Council’s policy objectives.
The DG further revealed that Nigeria’s production capacity was in excess of one million metric tonnes, placing the country among the world’s largest producers of value-added shea products.
Prof. Ike-Mounso emphasized that the Council’s collaboration with investors would not only create employment but also reduce dependence on foreign exchange through raw material exports
“Nigeria’s current production capacity, exceeding one million metric tonnes, positions the country as one of the world’s leading producers of value-added shea products.
“With 10,000 hectares of land already allocated for shea cultivation, the RMRDC is urging the 21 states with favorable shea production conditions to contribute additional land, thereby further boosting production and economic opportunities,’’ he said.
“By prioritizing local processing, Nigeria can shift from exporting raw shea nuts to exporting higher-value processed shea products.
“This shift will not only increase export revenues but also stimulate the growth of local industries, foster innovation, and enhance the overall competitiveness of the Nigerian economy.
NAN reports that President Bola Tinubu recently approved a 6-month temporary ban on the export of raw shea nut to curb informal trade, boost local processing, protect and grow Nigeria’s shea industry
