Exporters eye $158bn market as FG lifts charcoal ban

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.

Exporters eye $158bn market as FG lifts charcoal ban



from Daily Post Nigeria https://ift.tt/q8VR3AU
via IFTTT

Post a Comment

Previous Post Next Post