The Nigerian government has placed a six-month ban on the export of raw shea nuts, in a move aimed at promoting local processing and creating more employment opportunities within the country.
Vice President Kashim Shettima, who announced the ban, said Nigeria must shift from being a raw material supplier to becoming a producer of finished goods in the global shea value chain.
Nigeria currently accounts for about 40% of the world’s raw shea nuts but earns less than 2% of total global shea revenue due to limited local processing capacity.
The policy is expected to generate over US$300 million in the short term and up to US$3 billion by 2027 if properly implemented.
Industry players have applauded the initiative, urging the government to back it with infrastructure investments and incentives for processors.
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