President Bola Tinubu has approved a 6-month ban on the export of raw shea nut (Vitellaria paradoxa) to curb informal trade, boost local processing, protect and grow Nigeria’s shea industry, with a revenue target of $300m revenue, annually. It was gathered that the ban, which is with immediate effect, is subject to review on expiration and specifically aimed at boosting Nigeria’s shea value chain to generate around $300 million annually in the short term. Stanley Nkwocha, the senior special assistant to the president on media and communications, office of the…
Read MoreNigeria Bans Shea Nut Export, Eyes $300m Annual Revenue
