Abuja: The Minister of Information and National Orientation, Alhaji Mohammed Idris, has announced that Nigeria’s recent temporary ban on raw shea exports, enacted by President Bola Tinubu, aims to establish the country as a global leader in the shea industry. This announcement was made during the 20th Institute of Chartered Accountants of Nigeria (ICAN) Northern Zonal Accountants’ Conference in Minna, Niger.
According to News Agency of Nigeria, Idris, represented by the Director-General of the Voice of Nigeria, Mallam Jibrin Baba Ndace, emphasized that President Tinubu’s decision is a strategic move designed to enhance the rural economy. He noted that by promoting local processing of shea, Nigeria, which contributes over 50% of the world’s shea production, can transition from being merely a supplier of raw materials to a leader in high-value shea products. Idris highlighted that Niger State, a major hub for shea production, will significantly benefit from this initiative through local investment, technology transfer, and the development of processing capacity.
The minister also praised the National Shea Products Association of Nigeria (NASPAN) for supporting the president’s vision, noting that the Federal Government is committed to creating a conducive environment to achieve these goals. Idris further explained that this policy is part of a broader economic renewal plan, which is based on accountability, national re-orientation, and inclusivity. He stressed the importance of citizens embracing these values and holding institutions accountable to unlock Nigeria’s future.
Additionally, Idris outlined ongoing reforms under the Renewed Hope Agenda, which include fiscal discipline, infrastructure renewal, digital transformation, and youth empowerment. He mentioned several projects demonstrating resource distribution, such as the construction of the Lagos-Calabar Coastal superhighway and the rehabilitation of the Eastern rail corridor. Notably, the 1,068-kilometre Sokoto-Badagry superhighway, one of the president’s legacy projects, will traverse several states, including a 125-kilometre stretch in Niger State.
Finally, Idris stated that the Federal Government is enhancing financial management by using tools like the Treasury Single Account and the Government Integrated Financial Management Information System (GIFMIS) to improve control, reduce financial leakages, and maintain discipline in managing national resources. He credited these efforts for Nigeria’s improved standing in the Transparency International Corruption Perceptions Index, moving from 145th in 2023 to 140th in 2024.
