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Nigeria Suspends Raw Shea Exports to Boost Local Processing and Economy

    Nigeria's President Bola Ahmed Tinubu has announced a six-month suspension on raw shea exports to boost local processing, job creation, and protect the shea value chain, predominantly benefiting women. This move aims to increase Nigeria's share in the $6.5 billion global shea market, currently capturing less than 1% despite producing nearly 40% of the world's supply. The initiative is part of the Renewed Hope Agenda, focusing on creating value domestically and competing globally. Vice President Kashim Shettima will lead efforts to expand processing capacity and ensure the reform brings lasting prosperity to farmers, women, and the nation.

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