The African Worldwide Commerce & Commerce new report has recognized Nigerian-grown ginger and shea butter as potential Geographical Indications (GIs) merchandise, which might immensely contribute in direction of realising the federal authorities’s diversification aims.
The report titled, “Worth Chain Evaluation of Nigeria Ginger and Shea Butter as Potential Geographical Indications (GIs) Merchandise below the Zero-Oil Plan of the Authorities of Nigeria,” was launched by the Africa Worldwide Commerce and Commerce Analysis (AITCR) in partnership with Nigerian Export Promotion Council (NEPC).
In response to the research, each merchandise have “important market potential in varied worldwide markets, similar to Europe, america, and Asia” and urged the federal authorities and related stakeholders to pay explicit consideration contemplating the big financial alternatives within the value-chains.
Talking on the unveiling/validation workshop on market entry and value-chain evaluation for the merchandise for non-oil Govt Director/Chief Govt, NEPC, Dr. Ezra Yakusak, recommended the AITCR for the hassle including that the end result would enhance the diversification agenda of the federal authorities.
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He stated registering Nigeria’s ginger and shea butter below the GIs system would safeguard these distinctive Nigerian conventional merchandise towards imitation and misuse in addition to enhance their worth in worldwide markets.
Particularly, the NEPC boss stated the initiative would supply alternatives for smallholder farmers and rural communities engaged in producing these items to entry higher costs and earn extra revenue.
Represented by NEPC Deputy Director, Coverage and Technique Division, Mr. Ben Anani, Yakusak stated the validation of the outcomes marked the method in direction of making a authorized framework to supply authorized safety to Nigeria GI merchandise to spice up exports and promote the revenue and livelihoods of producers within the nation.
Nevertheless, in his presentation, Govt Director of AITCR, Mr. Sand Mba-Kalu, stated the report supplied helpful insights into the potential of Nigeria’s ginger and shea butter as GI merchandise.
He stated the research would help stakeholders in devising methods to enhance these merchandise’ worth chains and market entry, including that AITCR remained dedicated to supporting the event of the merchandise and selling their export to worldwide markets as a part of the zero-oil plan.
