FCT Minister of State, Dr. Ramatu Tijjani Aliyu, has stated that the Federal Capital Territory Administration resolve to key into the zero oil plan with one of its strategic components; One-State-One Product (OSOP) initiative was to link the rural communities with the national export value-chain and facilitate Nigeria’s socio-economic growth through jobs creation and families empowerments.
In a statement on Wednesday by Austine Elemue S.A Media To FCT Minister of State, said the minister was represented by the FCT Permanent Secretary, Mr. Olusade Adesola, who made the disclosure at the 3rd Technical Meeting of National Committee on Export Promotion held in Abuja, also maintained that FCT chose shea-butter and handicraft under the scheme because Shea has been identified as a high economic impact export products that trades globally at an average of $200 million annually.
She reveled that Nigeria current export value was $5 million but the zero oil plan potential and target is $100 million, noting that this was what the FCT desires to leverage on to create jobs and drive inclusion by exploring the inherent potential presented by this sub-sector for the export market.
Aliyu called for collaboration with the Nigerian Export Promotion Council and other export facilitating agencies and organizations to provide support for stakeholders in the shea value chain to increase production and productivity, ease of processing with minimal labour and having wholesome products for the export market.
According to her, “The FCT Administration 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 chose shea-butter and handicraft under the scheme, in order to link the rural communities with the national export value-chain and facilitate Nigeria’s socio-economic growth through jobs creation and families’ empowerments.
“Shea is a high economic impact export products that trades globally an average of $200 million annually. Nigeria current export value is $5 million but the Zero Oil Plan potential and target is $100 million; this is what the FCT desires to leverage on to create jobs and drive inclusion by exploring the inherent potential presented by this sub-sector for the export market”.
The minister noted that the 3rd technical meetin holding at this precarious time in the annals of the nation’s history signifies the collective desire of a people in charting a course for revamping the economy and seeking alternatives to economic sustainability.
In his remark, Minister of Industry, Trade and Investment, Mr. Otunba Adeniyi Adebayo, informed the committee that the Federal Executive C ouncil had earlier today rectified the plan, stressing that the African continental free trade agreement would provide a lots of potential for Nigeria to grow its export from $3.4 trillion markert value.