President Bola Tinubu has suspended the export of raw shea nuts to boost local processing and unlock the full potential of Nigeria’s rural economy. The Minister of Information and National Orientation, Mohammed Idris, made this known at the 20th Institute of Chartered Accountants of Nigeria Northern Zonal Accountants’ Conference in Minna.
The suspension is expected to have a positive impact on the economy, stimulating local investment, driving technology transfer, and accelerating the development of processing capacity. It will also create quality jobs for youth and women in rural communities, boost foreign exchange earnings, and deepen Nigeria’s participation in global value chains.
Niger State, a major hub for shea production in Nigeria, is expected to be one of the biggest beneficiaries of the policy shift. The suspension will help transform Nigeria’s role in the global shea supply chain, making it a global leader in high-value shea products.
Government’s Commitment
The Federal Government is committed to creating a conducive environment for the shea industry to thrive. The minister praised the National Shea Products Association of Nigeria for supporting the new policy direction and reaffirmed the government’s commitment to national re-orientation, inclusivity, and accountability.
The initiative is part of a broader economic renewal strategy under the Tinubu administration, focusing on national re-orientation, inclusivity, and accountability. The government has outlined key reforms, including improvements in fiscal discipline, digital transformation, infrastructure expansion, and youth empowerment.
