To boost the country’s foreign exchange earnings, the Federal Government has announced the conditional lifting of the charcoal and processed wood export ban.
In a statement signed by Ndubueze Okeke, the Head of Corporate Communications, Nigerian Export Promotion Council, NEPC, the Minister of Environment, Mohammed Abdullahi, disclosed this in Abuja recently at a stakeholders’ meeting to review the ban on charcoal, processed wood and other allied products export.
As a result of the development, the Nigerian government believed that exporters are aiming to get a share of the market for the products said to be worth $158.35bn.
“After careful deliberations, I now pronounce the conditional lifting of ban/suspension on the export of charcoal and processed wood, respectively,” he said.
In 2018 and 2020, the Nigerian government placed a ban on charcoal.
Comments are closed for this story.