President Bola Tinubu has approved the extension of the ban on the export of raw shea nuts for one year, from February 26, 2026, to February 25, 2027.

 

 

 

The presidency announced the decision in a statement on Wednesday,February 25.

 

 

 

 

 

 

 

The extension comes a few hours to the expiration of the six-month ban, which came into effect on August 26, 2025.

 

 

 

 

 

In the statement released, Bayo Onanuga who is the special adviser to the president on information and strategy, said the move underscores the administration’s commitment to advancing industrial development, strengthening domestic value addition, and supporting the objectives of the ‘Renewed Hope’ Agenda.

 

 

 

 

 

“The ban aims to deepen processing capacity within Nigeria, enhance livelihoods in shea-producing communities, and promote the growth of Nigerian exports anchored on value-added products,” the statement reads.

 

 

 

“To further these objectives, President Tinubu has authorised the two Ministers of the Federal Ministry of Industry, Trade and Investment, and the Presidential Food Security Coordination Unit (PFSCU), to coordinate the implementation of a unified, evidence-based national framework that aligns industrialisation, trade, and investment priorities across the shea nut value chain.”

 

 

 

 

 

 

 

Onanuga said President Tinubu approved the adoption of an export framework established by the Nigerian Commodity Exchange (NCX) and the withdrawal of all waivers allowing the direct export of raw shea nuts.

 

 

 

 

 

He said the president also directed that any excess supply of raw shea nuts should be exported exclusively through the NCX framework, in accordance with the approved guidelines.

 

 

 

 

 

“Additionally, he directed the Federal Ministry of Finance to 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,” Onanuga said.

 

 

mentioned that Federal government remains committed to policies that promote inclusive growth, local manufacturing, and position Nigeria as a competitive participant in global agricultural value chains.