US EditionNigeria bans exports of raw shea nuts used for cosmetic products to help grow local economy
The ban aims to curb informal trade and boost local processing, potentially increasing Nigeria's shea industry revenue to $300 million annually and empowering women dominant in the sector.
- President Bola Ahmed Tinubu approved a six-month temporary ban on the export of raw shea nuts to boost Nigeria's shea value chain and generate around $300 million annually in the short term.
- The ban is aimed at transforming Nigeria from an exporter of raw shea nuts to a global supplier of refined shea butter, oil, and other derivatives, thereby boosting rural income and creating jobs.
- Nigeria produces nearly 40% of global shea products but accounts for only 1% of the $6.5 billion market share, and the shea sector could generate more than $300 million annually in the short term and position Nigeria to capture a significant share of the projected $9 billion global market by 2030.
42 Articles
42 Articles
Associated Press News
Nigeria bans exports of raw shea nuts used for cosmetic products to help grow local economy
The Nigerian government has announced a six-month ban on the export of raw shea nuts, an essential raw material for making cosmetic products.
Nigeria bans raw shea nut exports to boost local industry
Vice President Kashim Shettima, announcing the ban in Abuja, called the situation “unacceptable.” He said the goal is to transform Nigeria from a supplier of raw nuts into a global hub for refined shea products used in cosmetics, food, and pharmaceuticals.
Things you should know about Shea Nuts crop banned from...
On Tuesday, President Bola Ahmed Tinubu approved a six-month ban on the export of raw shea nuts. According to Vice President Kashim Shettima, who announced the directive at a multi-stakeholder meeting in Abuja, the temporary measure was subject to review. He said with the development, the government aims to boost the shea value chain, curb informal trade, protect local processors, and reposition Nigeria’s shea industry for greater value addition…
Nigeria: To Boost Local Production, Create Jobs, Tinubu Okays Immediate Six-Month Ban On Raw Shea Export
To boost local production and create jobs President Bola Ahmed Tinubu yesterday approved a six-month temporary ban on the export of raw shea nut to curb informal trade and grow the country's shea industry.
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