• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, June 13, 2026
Leadership Newspapers
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
Hausa Edition
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Raw Materials Council Backs Raw Shea Nut Export Ban

Jerry Emmason by Jerry Emmason
9 months ago
in Business
Shea Nut
Share on WhatsAppShare on FacebookShare on XTelegram

The Raw Materials Research and Development Council (RMRDC) has strongly supported President Bola Ahmed Tinubu’s suspension of raw shea nut exports, describing the move as a strategic turning point in Nigeria’s industrialisation drive.

Speaking at a press conference in Abuja, the Council’s director general, Prof. Nnanyelugo Ike-Muonso, said the six-month suspension would reposition the country as a global hub for shea processing and value addition.

He noted that Nigeria produces over 350,000 metric tonnes of shea nuts annually, yet more than 90 per cent is exported raw, costing the nation an estimated $200 million yearly in lost value. This is not a punishment but an opportunity to reorganise, retool, and fully take advantage of our position as the world’s largest producer, he said.

Prof. Ike-Muonso disclosed that the Council will coordinate implementation of the suspension by working with relevant ministries, agencies, financial institutions and processors to strengthen technology adoption, expand processing capacity and empower rural women who form the backbone of the value chain.

As part of these efforts, the DG led a delegation to SALID Agriculture Limited in Niger State, Nigeria’s largest shea nut refinery with a processing capacity of 30 metric tonnes per day. The facility, he said, demonstrates that Nigerian-owned companies can compete globally in shea butter production.

The managing director of SALID Agriculture, Alhaji Ali Saidu, applauded the federal government’s decision, stressing that the suspension will help structure the industry for sustainability and attract new investments. He also highlighted the role of women, noting that more than 15,000 women across 19 states currently supply nuts to the company.

RELATED NEWS

‘Payments Industry Remains Central To Economic Development’

Wema Bank’s ‘5 For 5 Rewards’ Delivers ₦17.96m To 273 Customers

UK Announces New £15m Growth Programme To Unlock Investment In Nigeria

The RMRDC boss commended the Niger State Government’s allocation of 10 hectares for new shea plantations, describing it as a long-term investment capable of generating thousands of jobs. He assured that the Council would continue to back private sector initiatives like SALID’s through technical and policy support.

The ban is a call to stop exporting poverty and start exporting prosperity, Prof. Ike-Muonso said. With coordinated action, Nigeria will not only dominate shea nut production but also claim global leadership in shea value addition.

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

Nigerians can invest ₦2.5million on premium domains and earn about ₦17-25Million. Earnings in USD. Rather than wonder, click here to find out how it works
Jerry Emmason

Jerry Emmason

OTHER NEWS UPDATES

Bank Reaffirms Commitment To Lagos Economic Growth
Business

‘Payments Industry Remains Central To Economic Development’

37 minutes ago
Wema Bank Appoints Agu As Non-executive Director
Business

Wema Bank’s ‘5 For 5 Rewards’ Delivers ₦17.96m To 273 Customers

2 hours ago
UK Announces New £15m Growth Programme To Unlock Investment In Nigeria
Business

UK Announces New £15m Growth Programme To Unlock Investment In Nigeria

6 hours ago
Next Post
WaterAid, RUWASA Seek FCT Communities Involvement In WASH

Pepsico, DP World & Wateraid Expand Nigeria’s Wash Programmes

Advertisement

LATEST UPDATE

‘Payments Industry Remains Central To Economic Development’

37 minutes ago

Iran’s Late Supreme Leader Ali Khamenei To Be Buried July 9

38 minutes ago

Katsina Police Rescue 9 Kidnap Victims, Search For 2 Missing Persons

38 minutes ago

APC Has Failed Nigerians, Protests Show Deep Frustration — Dagogo

40 minutes ago

Wema Bank’s ‘5 For 5 Rewards’ Delivers ₦17.96m To 273 Customers

2 hours ago
Load More
Advertisement
Facebook Twitter Instagram Youtube Whatsapp

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.