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Industry Experts Split Over Tinubu's Shea Butter Export Suspension

Business1 min read
Industry Experts Split Over Tinubu's Shea Butter Export Suspension

Industry experts are divided over President Tinubu's decision to suspend the export of raw shea nuts for six months in Nigeria. The move aims to boost local processing and value addition in the shea butter industry, which is crucial for rural women's livelihoods.

While some stakeholders commend the government's commitment to value addition, others urge clarity and consultation before implementing such policies to avoid hasty reversals. Former NACCIMA President Dele Kelvin Oye emphasized the need for a smooth transition and broad consultation for successful industrialization.

Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.

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