President Tinubu Suspends Export of Raw Shear Butter
President Tinubu’s Issues six months suspension on the Export of Raw Shear Butter
In a strategic move to improve local production and increase value, President Tinubu Ahmed Bola Tinubu has ordered a six-months suspension on the export of raw shear butter.
The President notes that Nigeria’s shea is the country’s green wealth. He regrets that hough Nigeria produces nearly 40% of the world’s supply, it commands less than 1% of its $6.5bn global market. “That imbalance ends now” he siad.
“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”, the President affirmed.
