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.
Donald Trump has announced that he'll buy a Tesla to show his support for Elon Musk, whose company is facing financial difficulties. This move is seen as a demonstration of Trump's loyalty to Musk, who has been a key figure in his administration and has spent heavily on his campaign.¹
Musk's electric vehicle company, Tesla, has been experiencing sagging sales and plunging stock prices. Despite this, Trump has expressed his confidence in Musk, stating that he's doing a "FANTASTIC JOB" and that the "Radical Left Lunatics" are trying to boycott Tesla.
It's worth noting that Trump's plan to buy a Tesla is unusual, given that presidents rarely drive themselves due to security concerns. However, this move is seen as a symbolic gesture of support for Musk and his company.