Nigeria’s Minister of Information, Mr. Idris, explained that President Tinubu’s recent temporary suspension of raw shea exports is a strategic move to unlock the full potential of the country’s rural economy. Speaking at the 20th Institute of Chartered Accountants of Nigeria Northern Zonal Accountants’ Conference in Minna, Niger State, he said the decision aims to position Nigeria as a global leader in high‑value shea products. By encouraging local processing, the government hopes to stimulate investment, facilitate technology transfer, and expand processing capacity.
The initiative is expected to create quality jobs for youth and women in rural communities, increase foreign‑exchange earnings, and deepen Nigeria’s participation in global value chains. Niger State, a major hub for shea production, stands to benefit significantly. Mr. Idris praised the National Shea Products Association of Nigeria for embracing the president’s vision and assured that the federal government is providing an enabling environment to make it a reality.
The shea policy forms part of the president’s broader economic renewal drive, which emphasizes accountability, national re‑orientation, and inclusivity. Idris highlighted the importance of accountability in unlocking Nigeria’s future, urging citizens to adopt the right values and hold institutions accountable. He also outlined ongoing reforms under the Renewed Hope Agenda, including fiscal discipline, infrastructure renewal, digital transformation, and youth empowerment.
Examples of infrastructure projects cited by the minister include the construction of the Lagos‑Calabar Coastal Superhighway and the rehabilitation of the Eastern rail corridor, demonstrating the government’s commitment to equitable resource distribution. He noted that the federal government is using tools such as the Treasury Single Account and the Government Integrated Financial Management Information System to improve transparency and accountability in managing national resources.
Nigeria’s improved ranking in the Transparency International Corruption Perceptions Index—from 145th to 140th between 2023 and 2024—is attributed to diligent implementation of policies that promote accountability and transparency. The minister’s statement reinforces the government’s commitment to economic renewal, accountability, and the sustainable development of Nigeria’s rural economy.
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