Tinubu Extends Raw Shea Nuts Export Ban to 2027

President Bola Tinubu has approved a one-year extension of the ban on the export of raw shea nuts, which will now remain in effect until February 25, 2027. This decision, disclosed in an official statement by his spokesman Mr. Bayo Onanuga, reflects the federal government's commitment to strengthening domestic value addition within Nigeria's shea industry.
The policy aims to stimulate local manufacturing, create jobs, and improve income across shea-producing communities. The extension is part of a broader strategy to shift Nigeria's economy from reliance on raw commodity exports to an industrial export-driven model.
The ban was initially introduced in August 2025 to curb informal trade and safeguard the long-term sustainability of Nigeria's shea industry. The Federal Ministry of Industry, Trade and Investment, in collaboration with the Presidential Food Security Coordinating Unit, will facilitate access to dedicated support for the sector, including livelihood financing mechanisms to enhance product capacity and processing efficiency.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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