In a statement issued on Friday in Abuja, Oyewole said that the ban would significantly benefit local manufacturers by retaining critical raw materials within the country, thereby improving access to wood for processors and furniture makers.
A current example is his public dispute with Farouk Ahmed, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The 2026 budget is projected at N54.4 trillion, according to the approved 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
The ban is expected to affect exporters and timber traders, particularly in forest-producing states, though the government has yet to outline enforcement mechanisms, penalties, or whether exemptions will apply to processed wood products.
KWACCIMA alleged that the state government withdrew its support for the organisation and participation in the fair despite its initial interest to participate in order “to frustrate its success”.
Under Adesanya ‘s leadership, Guinness recorded double-digit topline growth, improved margins, enhanced trade spend efficiency and strengthened distributor profitability.
