Nigeria's Shea Sector Rebounds with Local Processing, Prices Stabilize
The Nigerian shea sector has seen a resurgence in revenue growth as local processing drives prices back up after a temporary decline post the government's ban on raw exports. Prices have stabilized around N1,000 per kilogram, signaling market confidence and a boost to the economy.
President Bola Ahmed Tinubu's policies prioritize domestic value addition, aligning with the Nigeria Agribusiness Group's call for investment in expanding the sector to enhance job creation and economic resilience.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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