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    FCTA considers zero oil plan through Shea butter, handicraft

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    Naija247news Editorial Team
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    By Salisu Sani-Idris

    Abuja, Nov. 11, 2020 The Federal Capital Territory Administration (FCTA), has resolved to consider Zero Oil Plan through Shea butter and handicraft, towards linking the rural communities with the national export value-chain.

    The FCT Minister of State, Dr Ramatu Aliyu, made the disclosure at the 3rd Technical Meeting of the National Committee on Export Promotion (NCEP), held in Abuja.

    Represented by the Permanent Secretary, FCTA, Mr Olusade Adesola, Aliyu also revealed that the FCT had chosen Shea butter and handicraft under the One-State-One Product (OSOP) initiative of the Federal Government.

    The minister explained that Shea butter had high economic export impacts in the global market with an average of 200 million dollars annually.

    She disclosed that Nigeria’s current export value was five million dollars, but the zero oil plan potential was targeting 100 million dollars.

    She said “This is what the FCTA desires to leverage to create jobs and drive inclusion by exploring the inherent potential presented by this sub-sector, for the export market.

    “The FCTA has resolved to key into the zero oil plan especially one of its strategic components; the One-State-One Product (OSOP) initiative whereby each state of the federation and the FCT is to choose a product.

    “And an alternate one in which it has comparative and competitive advantage in cultivation, production and processing.

    “FCT has chosen Shea butter and handicraft to link the rural communities with the national export value-chain and facilitate Nigeria’s socio-economic growth through job creation and the empowerment of families.”

    Aliyu said that the FCTA would collaborate with the Nigerian Export Promotion Council and other export facilitating agencies to provide support for stakeholders in the Shea value chain.

    “This will increase production and productivity, ease of processing with minimal labour, and having wholesome products for the export market,” he said.

    The minister, therefore, urged participants to take advantage of the forum to further develop the non-oil export sectors in various states for economic benefits.

    She thanked the technical committee of the National Committee on Export Promotion for its efforts in organising the event and the states’ representatives for finding time to participate.

    Naija247news reports that in attendance were representatives of the 36 States and FCT, government agencies with responsibilities to develop and facilitate non-oil export trade in Nigeria.

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