Processed wood exporters seek share of $152.94bn market as FG lifts ban | The Guardian Nigeria News - Nigeria and World News

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Exporters of processed woods have intensified efforts to reap from the exportation of the product with market value put at over $152.94 billion for the year 2023 following the recent lifting of ban for its exports by the Federal Government.

They are also targeting the exportation of charcoal with a current market value put at over $5.41 billion respectively.

Minister of Environment, Mohammed Abdullahi, disclosed this in Abuja at a Stakeholders’ Consultative Meeting on the review of the ban on charcoal and suspension of processed wood and other allied products. “After careful deliberations, I hereby pronounce the conditional lifting of ban/suspension on the export of charcoal and processed wood respectively.”

He also cautioned operators in the industry to adhere to the Nigeria Timber Legality Standards and Guideline for Wood and Charcoal Export to avoid prosecution as the decision to lift the ban could be revisited by failure to comply with the laid down rules and regulations.

 

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