CEO Reveals Why Charcoal Is Overlooked in Nigeria's Economy Despite Huge Potential
The CEO of a Nigerian company explains why charcoal is not highlighted in the country's economic plans despite its potential. The federal government's 2025 Forest Economy Summit aims to unlock a $2 billion forest economy, emphasizing the urgency due to the depletion of 90% of the original forest cover.
While advocating for sustainable forest management, the government has quietly restricted charcoal exports, hindering a valuable revenue source. The full repeal of the charcoal export ban is conditional, requiring approval letters for exports.
Failure to meet conditions risks missing an EU deadline and facing a complete ban. This paradox highlights the conflict between forest conservation and economic opportunities tied to charcoal production.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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