Nigeria shea nut export ban disrupts producers despite growth goals ...Middle East

The west African nation currently sits at the bottom of the supply chain, exporting nearly all its nuts and capturing only 1% of the global market share for shea products worth $6.5 billion. Authorities implemented the export ban last month without warning or industry consultation to spur local butter production. The sudden move has thrown the livelihoods of producers into chaos while they await the promised economic benefits.

Critics argue the shea nut ban lacks a clear roadmap for increasing local production and disrupts existing contracts between producers and buyers. Babatunde Olarewaju, an agronomist and agriculture expert, warned that farmers cannot sell enough product due to low local demand while exporters cannot meet previously signed contracts. The few existing processing companies stand to benefit massively from the policy, with Olarewaju warning of potential monopoly conditions as they become the only buyers. Nigeria joins several west African countries including Burkina Faso, Mali, Ivory Coast, Togo and Ghana in implementing such export restrictions.

Increased local shea production could lead to cheaper prices for Nigerian-made beauty products according to Ikemesit Effiong of Lagos-based consultancy SBM Intelligence. Immediate consequences include falling raw nut prices and trucks being turned back due to cancelled orders according to Abd-Kabir Adedeji, a 32-year-old vendor in Saki. Risikat Ismail, another shea nut seller, criticized the sudden implementation without advance notice as pure wickedness. For Rahman and thousands of mostly female Nigerian cultivators working in the informal economy, the ban has brought debt and uncertainty about covering children’s school fees typically funded by annual profits of 200,000-250,000 naira. – AFP

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