Nigeria’s Minister of Information and National Orientation, Mohammed Idris, praised President Bola Ahmed Tinubu’s temporary suspension of raw shea exports, calling it a strategic step to unlock the country’s economic potential in the shea sector. Speaking at the 20th Institute of Chartered Accountants of Nigeria Northern Zonal Accountants’ Conference in Minna, Niger State, Idris said the measure aims to position Nigeria as a global leader in the shea economy.
The minister, represented by the Director General of the Voice of Nigeria, Mallam Jibrin Baba Ndace, explained that the suspension is intended to stimulate local investment, facilitate technology transfer, and accelerate the development of processing capacity. By increasing domestic shea processing, Nigeria can move beyond being merely a supplier of raw materials and become a major producer of high‑value shea products. Niger State, which contributes a significant share of the nation’s shea output, is expected to benefit greatly from this initiative.
Idris emphasized that the policy forms part of the president’s broader economic renewal drive, which focuses on accountability, national re‑orientation, and inclusivity. He praised the National Shea Products Association of Nigeria for embracing the president’s vision and assured that the federal government is committed to creating an enabling environment for the industry.
The minister also highlighted the government’s efforts to promote accountability and transparency, citing major infrastructure projects such as the Lagos‑Calabar Coastal Superhighway and the Badagry‑Sokoto Superhighway. These projects, he noted, demonstrate a commitment to equitable resource distribution and fairness.
Furthermore, Idris pointed to Nigeria’s improvement on the Transparency International Corruption Perceptions Index, moving from the 145th position in 2023 to the 140th in 2024. He attributed this progress to the diligent implementation of key policies, including the removal of fuel subsidies and the unification of the exchange rate.
Calling on accountants and other professionals to partner with the government, Idris stressed that their expertise can foster a new culture of accountability, strengthening democracy and driving sustainable development. With a continued focus on transparency and good governance, Nigeria is poised to unlock its vast economic potential and achieve significant progress in the years ahead.
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