President Tinubu has approved a 6 month suspension of raw shea exports to secure supply for local processors, create jobs and protect a value chain where 95% of pickers are women.
The press release goes
''Nigeria’s shea is our green wealth. We produce nearly 40% of the world’s supply, yet capture less than 1% of its $6.5bn global market. That imbalance ends now.
I have approved a six-month suspension of raw shea exports, on the recommendation of the Presidential Food Systems Coordinating Unit, to secure supply for local processors, create jobs, and protect a value chain where 95% of pickers are women.
This is a win for our farmers, for our women, and for Nigeria.
VP Kashim Shettima will work with stakeholders to rapidly expand processing capacity and ensure that this reform translates into lasting prosperity.
With new market access opening in Brazil and beyond, we will no longer export poverty and import value. We will create value at home, compete abroad, and deliver prosperity under the Renewed Hope Agenda''.
~ Bola Ahmed Tinubu
Good to know
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ReplyDeleteThere are many raw materials that need this. Only if the greedy export officials will co-operate after processing the finished product in Nigeria.
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