She said Burkina Faso, Mali, Ghana, Nigeria and Cote D’Ivoire are the largest producers of shea in the world and represents 60% of global production.
Ayeni stated that 80% of the people involved in shea trade are women.
“This speaks loudly on women empowerment and inclusiveness as well as job creation which aligns with his excellency’s Renewed Hope Agenda.
“A cursory look at the global value of shea production and export disclosed that in the year 2023, the production and value of shea along the value chain was $2.17 billion while it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.1% by 2030, representing the sum of $5.8 billion,” she said.
“For the cosmetics industry, it stands at 380.2billion dollars and is expected to reach 453.0 billion dollars in 2026. Presently, more countries like India, Japan and South Korea are approving the use of Sheabutter as Cocoa butter equivalent.”
She added that the conference offers a veritable platform for all stakeholders to explore the huge opportunities in the production of shea and its derivatives.
The Niger State Commissioner of Industry, Trade, Investment and Private Sector said the state will continue to drive the development of shea value chain.
“The Niger State, commodities and Export Promotion Agency. An agency under the supervision of my ministry will serve as continue to serve as a dedicated platform to drive the development of share value chain, facilitate market linkages and support smallholder farmers and share processes across the state and the country in general.
“Our state is deeply committed to the development of values shared value chain, recognising it its immense, immense potential to contribute to the economic growth, empower rural communities and promote environmental sustainability,” he added.
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