• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, October 2, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

‎Tinubu’s export ban on raw shea nuts will position Nigeria for $3bn annual revenue-TSF

Shea

The Matters Press by The Matters Press
September 2, 2025
Reading Time: 2 mins read
0
Nigeria targets $1.2bn export capacity for every state

‎
‎

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

‎
‎The Tinubu Stakeholder Forum (TSF) has described President Bola Tinubu’s temporary ban on the export of shea nut as a game-changer that will reposition Nigeria as a global leader in value-added exports.
‎
‎In a statement signed by its Chairman Ahmad Sajoh and Secretary Danjuma Sada, it noted that the policy will not only boost shea butter processing but will also
‎ensure improved foreign exchange earnings.
‎
‎The statement read in part, “This policy, conveyed by Vice President Kashim Shettima during a multi-stakeholder meeting in Abuja, demonstrates the President’s leadership attributes of being immediate, practical, and pragmatic in action.
‎
‎”This is because Nigeria has for years been the world’s largest producer of shea nuts, accounting for nearly 40 per cent of global output, yet our nation captures less than one per cent of the $6.5 billion global shea nuts market.
‎
‎”Despite a production belt covering more than 12 states and producing an estimated 350,000 metric tonnes annually (with potential to reach 900,000 MT), local processors have consistently operated below capacity due to raw material shortages and uncontrolled informal exports.
‎
‎”The Rapid Assessment of the Shea value chain conducted by the Presidential Food Systems Coordinating Unit (PFSCU) revealed that over 90,000 metric tonnes of raw shea are lost each year through informal cross-border trade, translating to more than $100 million (₦153.88 billion) in lost value annually.
‎
‎”This undermines processors, who currently operate at only 35 to 50 % capacity despite a national installed processing capacity of 160,000 MT.
‎
‎”President Tinubu’s directive directly addresses this leakage. By securing domestic supply, the ban will enable processors to operate at full capacity, expand production of refined shea butter, olein, and stearin, and reposition Nigeria as a competitive exporter of value-added shea products.
‎
‎”The timing is also strategic. The recent commissioning of Africa’s largest shea butter refinery in Niger State, with a 30,000 MT annual capacity and expansion plans of up to 400 MT per day, signals Nigeria’s readiness to absorb raw nuts and drive value-added exports.
‎
‎”NEXIM Bank’s financing of this project, along with its plans to support at least four additional refineries, will significantly expand Nigeria’s footprint in global markets.
‎
‎”The social impact is equally significant as more than 90% of shea pickers and processors are women in rural communities. Industrialising the sector will empower millions of women, create over 500,000 jobs, and transform rural livelihoods.
‎
‎”As Vice President Shettima emphasised, this is not an anti-trade policy but a pro-value addition strategy rooted in industrialisation, rural transformation, gender empowerment, and global trade expansion.
‎
‎”We therefore commend this decisive policy as a bold corrective step to reclaim lost value, diversify the economy, and position Nigeria as a dominant player in the global shea industry.
‎
‎TSF also urged all relevant government agencies, state governments, and private sector players to take steps to align with the presidential directive to fast-track Nigeria’s transition into a global shea powerhouse.
‎
‎
‎End

Tags: Shea
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
Tinubu commits to economic reforms as Nigeria marks democracy day

‎Tinubu's achievements daze gov., opposition leaders

Trading in Nigerian stock market dips further N83bn

Tinubu's pro-business model triggers surge in capital market - TMSG

Recommended Stories

Free Trade Zones: Nigeria increases licence validity period

Niger to create free trade zones

September 27, 2023
Allianz Insurance launches funeral cover, says not leaving Nigeria

Allianz Insurance launches funeral cover, says not leaving Nigeria

April 11, 2022
Make cash accessible, remove obstacles —stakeholders plead

Menace of local government’s revenue agents on highways

November 6, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us