Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Tiwa Savage foundation unveils music programme for empowerment of African creatives

    February 26, 2026

    Nestlé Nigeria Returns to Profit in 2025 After Two Years of Losses

    February 26, 2026

    Creatives Champion “Slow Lagos” Movement as Counterculture to City’s Relentless Hustle

    February 26, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      “Elections aren’t won on social media,” Tinubu urges opposition to focus on grassroots mobilization instead of online campaigns.

      February 25, 2026

      Nigeria Democratic Congress Obtains INEC Certificate

      February 24, 2026

      APC Dominates FCT Polls as President Tinubu Commends Wike’s Role in “Political Dividends”

      February 23, 2026

      APC celebrates winners of Rivers constituency bye-elections

      February 23, 2026

      PDP Heads to Court as EFCC Arrests 20 Over Vote-Buying Allegations

      February 23, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment February 26, 2026

      Tiwa Savage foundation unveils music programme for empowerment of African creatives

      Recent

      Tiwa Savage foundation unveils music programme for empowerment of African creatives

      February 26, 2026

      Ayefele Responds to Beautiful Nubia’s Accusations on Copyright Infringement 

      February 25, 2026

      Ray Emodi Prefers Acting To Music As Career

      February 25, 2026
    • Business

      Nigerian Breweries Rewards, Celebrates Trade Partners

      February 26, 2026

      TGI, Reliance Seal Landmark Consumer Goods Joint Venture to Disrupt Nigerian Market

      February 22, 2026

      FG, SMEDAN present fund to finance over 6000 youth entrepreneurs

      February 18, 2026

      Jim Ovia not connected to fake investment scheme — Zenith Bank

      February 18, 2026

      Polaris Bank Introduces Global Gift Card Feature On VULTe

      February 17, 2026
    • Health

      Creatives Champion “Slow Lagos” Movement as Counterculture to City’s Relentless Hustle

      February 26, 2026

      13,500 Facilities to Benefit from N98bn Primary Healthcare Funds Nationwide

      February 26, 2026

      NAFDAC Seizes ₦3 Billion Worth of Fake Medicines in Lagos Crackdown

      February 25, 2026

      Ogun Engages 500 Residents for Lead Poisoning Test in Health Audit

      February 23, 2026

      NCAT Considers Gusau International Airport as Strategic Training Hub Following Infrastructure Assessment

      February 21, 2026
    • Culture

      Lagos Fanti Carnival holds in April

      February 18, 2026

      Tinubu Hails Northwest Stability at Argungu as Dozens Feared Dead in Niger State Bandit Attacks

      February 15, 2026

      Obasanjo Calls for Urgent Preservation of Egba Heritage Ahead of 2026 Lisabi Festival

      February 11, 2026

      Argungu Fishing Festival Opens in Kebbi, Celebrating Centuries-Old Tradition

      February 11, 2026

      Nigeria Advances Talks on Return of Benin Bronzes as Lagos Museum Prepares New Exhibition Wing

      February 6, 2026
    • Lifestyle

      Nigeria’s Youth Embrace ‘Slowmaxxing’ to Combat Digital Burnout

      February 18, 2026

      MasterChef Nigeria Debuts with Record ₦73 Million Grand Prize

      February 16, 2026

      Rite Foods Tasks Nigerians On Love At Valentine’s Day

      February 14, 2026

      WEMA Bank Set To Sponsor Celebrity Performance At Couple’s Wedding

      February 14, 2026

      Agunbiade Wins Double Honours at 2026 Coolwealth Awards

      February 12, 2026
    • Sports

      Nigerian Diaspora Athletes to Compete as “38th State” in Inaugural National Intermediate Games

      February 25, 2026

      Mexican president assures of safety for World Cup fans after cartel violence

      February 25, 2026

      Eze matches Henry and Van Persie’s derby feat as Arsenal rout Tottenham

      February 23, 2026

      Iwobi scores, assists as Fulham claims 3-1 victory over Sunderland

      February 22, 2026

      CAF Champions League: VAR Confirmed for Quarter-final Stage 

      February 21, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » Tinubu Extends Ban on Raw Shea Nut Exports to Boost Local Processing and Industrial Growth
    economy

    Tinubu Extends Ban on Raw Shea Nut Exports to Boost Local Processing and Industrial Growth

    Ifetayo AdeniyiBy Ifetayo AdeniyiFebruary 26, 20263 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    Manny Ita  –

    President Bola Tinubu has approved a one-year extension of the federal government’s ban on the export of raw shea nuts, pushing the restriction to remain in force until February 2027 as part of efforts to stimulate domestic processing, create jobs and strengthen Nigeria’s agro-industrial value chain.
    The extension, officials said, is aimed at compelling exporters to channel raw shea produce into local factories rather than shipping unprocessed nuts abroad, where most of the value addition traditionally occurs. Nigeria is one of the world’s major producers of shea nuts, but stakeholders have long lamented that the country earns far less than potential revenue because most exports leave in raw form.
    According to the Presidency, the policy is designed to transform the shea sector from a largely subsistence activity into a structured industrial ecosystem capable of producing butter, cosmetics ingredients, pharmaceuticals inputs and food products for both domestic consumption and export. “The extension is intended to consolidate gains already recorded and accelerate investment in local processing capacity,” a government official familiar with the decision said.
    Tinubu emphasized that exporting raw agricultural commodities deprives the country of jobs, foreign exchange earnings and technological development, noting that value addition within Nigeria would generate significantly higher economic returns. “We must move from being exporters of raw materials to producers of finished and semi-finished goods,” he stated, describing the shea industry as a strategic sector with untapped potential.
    The government also indicated that the policy would particularly benefit rural communities across the Middle Belt and parts of northern Nigeria, where shea trees grow naturally and collection of the nuts serves as a major source of income for women. By encouraging domestic processing plants, authorities expect increased demand for locally harvested nuts, improved pricing for farmers and expanded employment opportunities along the supply chain.
    Industry players have expressed mixed reactions, with some processors welcoming the extension as necessary protection for emerging local factories, while exporters warned that enforcement challenges and limited processing capacity could disrupt trade flows in the short term. Nonetheless, officials insisted that the long-term objective is to build a competitive shea-based manufacturing sector capable of rivaling global producers.
    The government added that supportive measures, including access to finance, infrastructure development and technical assistance, would accompany the export restriction to ensure that local processors can absorb the increased supply of raw materials. “This is not merely a ban; it is part of a broader industrial policy to reposition Nigeria in the global shea value chain,” another official said.
    The renewed restriction underscores the administration’s broader push toward import substitution, non-oil exports diversification and rural industrialization, as authorities seek sustainable pathways to economic growth beyond crude oil dependence. If effectively implemented, analysts say the policy could significantly increase Nigeria’s share of the global shea butter market while deepening domestic manufacturing capacity.

    Economy
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleNigerian Breweries Rewards, Celebrates Trade Partners
    Next Article Sterling Bank Mobilises Public, Private Sectors for Tourism Growth
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    economy February 25, 2026

    Nigeria Must Sustain 10–12% Annual GDP Growth to Achieve $1 Trillion Economy, Uzoka-Anite Says

    economy February 17, 2026

    Tinubu Launches “Nigeria Industrial Policy 2025” to Drive Job Creation and Export Growth

    economy February 16, 2026

    Nigeria’s Food Inflation Falls to 8.89%, Lowest Level in Over 14 Years

    News February 16, 2026

    UAE reinforces ties with Nigeria, Africa at AU summit

    economy February 12, 2026

    Federal Government to Commence Privatization of 91 Public Assets in 2026

    economy February 12, 2026

    N10.5bn Allocation Inadequate to Modernize Ports, Marine Minister Warns

    Leave A Reply Cancel Reply

    Don't Miss
    Entertainment February 26, 2026

    Tiwa Savage foundation unveils music programme for empowerment of African creatives

    By Elegbede Abiodun Berklee programme set to provide participants with instruction in music production, songwriting…

    Nestlé Nigeria Returns to Profit in 2025 After Two Years of Losses

    February 26, 2026

    Creatives Champion “Slow Lagos” Movement as Counterculture to City’s Relentless Hustle

    February 26, 2026

    African Leaders Raise $2.5tn to Enhance Cross-border Infrastructure

    February 26, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    Late Capt. Hosa Immortalize As Keffi Polo Tournament Dedicates Trophy

    November 16, 2021

    Queen Jennifer Osayamen Celebrates Birthday With Motherless Children

    December 26, 2021

    Mars E&P secures $274 million facility from AFREXIM Bank

    November 25, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.