Tinubu extends raw shea nut export ban for one year

President Bola Tinubu has extended Nigeria's ban on raw shea nut exports until February 25, 2027, to boost domestic processing and value addition. His Special Adviser on Information, Bayo Onanuga, announced the one-year extension from February 26, 2026. The policy aims to deepen industrial capacity, enhance livelihoods in shea-producing communities, and align with the Renewed Hope Agenda. The Federal Ministry of Industry, Trade and Investment will coordinate implementation through the Nigerian Commodity Exchange framework, withdrawing all export waivers. The government will pilot a Livelihood Finance Mechanism with NESS Support Window funding to strengthen production and processing capacity.

SOURCE: https://dailypost.ng/2026/02/26/tinubu-extends-ban-on-raw-shea-nut-export/