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Tinubu Imposes Six-Month Ban on Raw Shea Nut Exports to Boost Local Industry

Tinubu Imposes Six-Month Ban on Raw Shea Nut Exports to Boost Local Industry

Sputnik Africa

Tinubu Imposes Six-Month Ban on Raw Shea Nut Exports to Boost Local IndustryThe move seeks to: 🟠curb informal trading, 🟠support local processing, 🟠potentially... 27.08.2025, Sputnik Africa

2025-08-27T12:16+0200

2025-08-27T12:16+0200

2025-08-27T12:24+0200

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Tinubu Imposes Six-Month Ban on Raw Shea Nut Exports to Boost Local IndustryThe move seeks to: 🟠curb informal trading, 🟠support local processing, 🟠potentially generate $300 million annually.Tinubu emphasized that Nigeria is a shea powerhouse, producing 40% of the global supply, but currently earns less than 1% of the market share.This ban, based on expert recommendations, aims to change that by shifting from exporting low-value raw materials to local processing for higher returns. Furthermore, Tinubu announced that Vice President Shettima would work with stakeholders to expand processing capacity, ensuring the policy's long-term benefits and helping Nigeria compete globally in emerging markets like Brazil.Subscribe to @sputnik_africa Sputnik Africa | X

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