• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Economy

Nigeria shea nut export ban sparks positive shift for local industry

Quadri Olaitan by Quadri Olaitan
August 26, 2025
in Economy
0
Nigeria shea nut export ban

Nigeria shea nut export ban aims to boost local processing, create jobs, and empower women while targeting \$300m annual earnings

Nigeria shea nut export ban marks a decisive step by President Bola Tinubu’s administration to reshape the nation’s agro-industrial sector.

Also read: US-Africa Trade and Business Network hosts successful export masterclass in Lagos

The six-month suspension, announced by Minister of Agriculture and Food Security Abubakar Kyari and backed by Vice President Kashim Shettima, is designed to curb informal trade, secure raw materials for local factories, and strengthen Nigeria’s foothold in the \$6.5 billion global shea industry.

Vice President Shettima stressed that the Nigeria shea nut export ban is not anti-trade but a pro-value addition policy.

He explained that the move would transform Nigeria from a raw shea exporter into a global supplier of refined products such as butter and oil, boosting rural incomes and creating thousands of jobs.

Despite producing nearly 40% of global shea, Nigeria holds only about 1% of the global market. With the ban, the government projects annual industry earnings of \$300 million in the short term, with a bold ambition to achieve tenfold growth by 2027.

Data from the Presidential Fertiliser Supply Chain Unit revealed that more than 90,000 metric tonnes of raw shea are lost yearly to unregulated trade, while local processors operate below half capacity.

By enforcing the Nigeria shea nut export ban, the government seeks to close this gap, aligning with strategies already adopted by neighbours like Ghana and Burkina Faso.

Kyari highlighted that Nigeria’s five million hectares of wild-growing shea trees give the country a natural advantage, positioning the crop as a key non-oil export under the Zero Oil Plan.

With women making up 90% of shea pickers and processors, the policy promises to serve as a game-changing empowerment tool, directly impacting livelihoods in rural communities.

International trade opportunities are also on the horizon. Nigeria and Brazil are finalising agreements that will soon open Brazilian markets to Nigerian shea products, enhancing global visibility for the country’s exports.

As Vice President Shettima concluded, “We are not closing doors; we are opening better ones.”

Also read: Unlock U.S. market opportunities! Join free Export & Prosper Masterclass in Lagos – tomorrow!

The Nigeria shea nut export ban signals not just economic diversification but a long-term investment in people, industry, and empowerment planting seeds that will bear fruit for decades to come.

Quadri Olaitan
Quadri Olaitan

Related Posts

Senate
Economy

House of Representatives intervenes in Dangote dispute

by Quadri Olaitan
October 22, 2025
INEC
Economy

Auditor-General flags massive irregularities in INEC operations

by David Okere
December 22, 2025
Julius Rone promotes investment in Nigeria
Economy

There are so much incentives for those willing to Invest In Nigeria – Rone

by Quadri Olaitan
October 5, 2025
VAT Growth
Economy

VAT growth boosts Nigeria’s Q2 revenue despite dip

by Quadri Olaitan
November 25, 2025
Nigerian economy worsening daily
Economy

Nigerians, are you better than you were two years ago?

by Oreoluwa Ojelabi
July 5, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recent News

IMG 20251227 WA0022

Gospel Star Testimony Jaga Spreads Christmas Cheer, Shares Food Items With Thousands In Celebration of Christmas

December 28, 2025
IMG 20251228 WA0001

Apostle Suleman Hosts Deputy Italian Ambassador, Government and Security on Agenda

December 28, 2025
Abiodun SUVs and LG Autonomy

Dapo, his 20 SUVs and the umbilical cord

December 25, 2025
IMG 20251224 WA0039

President Tinubu’s bold economic policies yielding tangible results, Obasa declares

December 24, 2025
  • Trending
  • Comments
  • Latest
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
April Wind Couture

April Wind Couture thrives in Nigeria’s tough economy with bold Ankara vision

September 12, 2025
APC Second-Term Governors

APC: Second-term governors seeking immediate elective post to lose party leadership

October 15, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
IMG 20251227 WA0022

Gospel Star Testimony Jaga Spreads Christmas Cheer, Shares Food Items With Thousands In Celebration of Christmas

December 28, 2025
IMG 20251228 WA0001

Apostle Suleman Hosts Deputy Italian Ambassador, Government and Security on Agenda

December 28, 2025
Abiodun SUVs and LG Autonomy

Dapo, his 20 SUVs and the umbilical cord

December 25, 2025
IMG 20251224 WA0039

President Tinubu’s bold economic policies yielding tangible results, Obasa declares

December 24, 2025
December 2025
SMTWTFS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Nov    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Hot!

IMG 20251227 WA0022

Gospel Star Testimony Jaga Spreads Christmas Cheer, Shares Food Items With Thousands In Celebration of Christmas

December 28, 2025
IMG 20251228 WA0001

Apostle Suleman Hosts Deputy Italian Ambassador, Government and Security on Agenda

December 28, 2025
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.