PRESIDENT TINUBU ORDERS IMMEDIATE BAN ON RAW SHEA NUT EXPORTS

President Bola Ahmed Tinubu has ordered an immediate temporary ban on the export of raw shea nuts. The directive, which takes effect immediately, is aimed at boosting local processing and creating more value-added products within Nigeria.

The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, confirmed the presidential order in a statement. She stated that the ban is a strategic move to protect the local shea industry and encourage domestic investment in processing facilities.

“The ban is a strategic move to boost local production and create more opportunities for our citizens in the value chain of the shea industry,” the Minister said. She further emphasized that the policy is designed to ensure that the benefits of the natural resource are fully harnessed for the economic development of the nation.

This decision is expected to significantly enhance the domestic shea butter market, generate more jobs, and increase the revenue derived from shea products by promoting local refining and export of finished goods rather than raw materials.