Tag: EXPORT
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Centre for the Promotion of Private Enterprise (CPPE) has reported that the price of shea nuts has dropped by over 30% following Nigeria’s six-month export ban. While the government aims to boost domestic value addition and industrialization, CPPE warns that the immediate implementation has caused significant disruptions, harming farmers, aggregators, and exporters. The organization…
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President Bola Tinubu has implemented a 6-month temporary ban on raw shea nut exports to promote local processing and strengthen Nigeria’s shea industry, aiming to generate $300 million annually in the short term. Announced by Vice President Kashim Shettima, the policy focuses on value addition, job creation, and rural transformation, particularly empowering women. The ban,…
