Lagos, Nigeria – In a strategic move to boost its local economy and enhance its position in the global cosmetics market, Nigeria has officially banned the export of raw shea nuts, a key ingredient in numerous cosmetic products. The government announced the new regulation aimed at encouraging domestic processing and value addition within the country, ensuring that more of the economic benefits from the lucrative shea industry remain at home. This policy shift is expected to create jobs, increase revenue, and strengthen Nigeria’s foothold in the international beauty and skincare sectors.
Nigeria’s Strategic Move to Ban Raw Shea Nut Exports Aims to Boost Domestic Cosmetic Industry
Nigeria has introduced a ban on the export of raw shea nuts, a critical ingredient for cosmetic product manufacturing, seeking to foster growth within its domestic cosmetics sector. This strategic policy shift is designed to encourage local processing industries to add value, thereby creating jobs and…
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Author : afric info
Publish date : 2025-10-20 14:01:00
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