BREAKING: FG Orders Ban On Export Of Raw Shea Nuts Nigeria
President Bola Tinubu has ordered an immediate six-month ban on the export of raw shea nuts from the country.
The Genius Media Nigeria reports that The temporary export restriction aims to curb informal trade that undermines official export channels while increasing processor utilization within Nigeria’s domestic shea processing facilities.
The move aims to help the country capture higher export value by promoting processed shea products over raw materials and stabilizing the shea sector through improved market coordination.
According to government estimates, the enhanced shea value chain could generate approximately $300m annually in the short term and boost Nigeria’s agricultural export earnings.
The policy was officially announced by the Minister of Agriculture and Food Security, Senator Abubakar Kyari, during a briefing at the Presidential Villa in Abuja on Tuesday.
The ban takes effect immediately and will remain in place for six months while the government works to strengthen domestic processing capacity and establish more robust export frameworks for value-added shea products.
Development
