Things you should know about Shea Nuts crop banned from export
On Tuesday, President Bola Ahmed Tinubu approved a six-month ban on the export of raw shea nuts. According to Vice President Kashim Shettima, who announced the directive at a multi-stakeholder meeting in Abuja, the temporary measure was subject to review. He said with the development, the government aims to boost the shea value chain, curb informal […]
On Tuesday, President Bola Ahmed Tinubu approved a six-month ban on the export of raw shea nuts.
According to Vice President Kashim Shettima, who announced the directive at a multi-stakeholder meeting in Abuja, the temporary measure was subject to review.
He said with the development, the government aims to boost the shea value chain, curb informal trade, protect local processors, and reposition Nigeria’s shea industry for greater value addition.
Below are some things to know about shea butter
- Nigeria is the largest producer of shea butter in the world.
- Annual Production is around 500,000 metric tons.
- The global shea butter market is growing rapidly, estimated at $2.5 billion to $5 billion by 2025.
- Nigerian shea nuts are highly sought after globally, particularly in cosmetics and food.
- Major importers include the U.S., U.K., Germany, Japan, and Eastern Europe, notably Poland and Russia, which are growing markets.
- Nigeria exports raw Shea butter, which attracts insignificant value for the product
- The Shea tree takes 11-15 years to bear fruit but can be productive for over 200 years.
- Niger, Kwara, Kebbi, Nasarawa and Kogi States are the major producers.