President Bola Ahmed Tinubu has prolonged the prohibition on the export of raw shea nuts for another year, running from February 26, 2026, to February 25, 2027.
His Special Adviser on Information and Strategy, Bayo Onanuga, revealed this in a statement issued on Wednesday.
Tinubu said the move highlights his administration’s resolve to drive industrial growth, boost local value addition, and advance the goals of the Renewed Hope Agenda.
According to the president, the restriction is intended to expand local processing capacity, improve livelihoods in shea-producing communities, and encourage the expansion of Nigerian exports built on value-added goods.
He further directed the two ministers of the Federal Ministry of Industry, Trade and Investment, along with the Presidential Food Security Coordination Unit, PFSCU, to oversee the rollout of a unified, data-driven national framework that harmonises industrialisation, trade, and investment priorities throughout the shea nut value chain.
The president also sanctioned the adoption of an export framework developed by the Nigerian Commodity Exchange, NCX, and approved the cancellation of all waivers that previously permitted the direct export of raw shea nuts.
Tinubu instructed that any surplus raw shea nuts must be exported solely through the NCX framework, in line with the approved regulations.
“The Federal Ministry of Finance should provide access to a dedicated NESS Support Window to enable the Federal Ministry of Industry, Trade and Investment to pilot a Livelihood Finance Mechanism to strengthen production and processing capacity,” he said.