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.
In a citation presented during the award, TIME Africa highlights new industrial facilities and logistics hubs launched across Ikorodu, Badagry, Lekki and Epe.
According to the OSGF, the issues raised in the correspondences are currently under review in line with its statutory role as Chairman of the Cabinet Secretariat and the coordinating authority for government policy implementation.
At the ceremony, it was noted that the ₦30 billion was shared among 500 workers across the organisation.
The stock price rose from N3.85 per share to close at N45.00 per share ( or 9.36 percent).
