The Centre for the Promotion of Private Enterprise said the price of shea nuts have crashed by 30 per cent after the export ban imposed by the Nigerian government.
The Director of CPPE, Muda Yusuf, disclosed this in a statement on Sunday.
This comes as the federal government banned the export of shea nuts for six months in Nigeria.
Reacting, CPPE said though the policy is aimed at boosting the domestic value chain and driving Nigeria’s industrialisation, the instantaneous implementation has created
Severe disruptions in the shea nut value chain, hurting farmers, aggregators, exporters, and logistics providers.
According to CPPE, it should rather adopt a phased transition approach and introduce clear timelines for phasing out raw exports, allowing businesses to adjust operations.
“Market Disruptions and Price Collapse
Shea nut prices have fallen by over 30% since the ban, eroding incomes of farmers and aggregators.
“Existing export contracts face potential default, exposing exporters to legal and reputational risks.”
“Protect Primary Producers: Ensure farmers capture fair market value for their produce, sustaining rural livelihoods and incentivising production.
“Avoid policies that force primary producers to subsidise processors indirectly,” CPPE stated.
DAILY POST reports that suppliers of shea nuts in Niger and Kogi States have continued to lament the drop in prices after the products’ export ban took effect on August 26th, 2025.
