Nigeria, Sept. 9 -- Nigeria's plan to unlock $2 billion from its forest economy is facing criticism from industry experts.

At a roundtable in Lagos over the weekend, stakeholders said the government is neglecting charcoal, a product they describe as central to revenue generation, rural livelihoods, and sustainable growth.

In July, during the 2025 Nigeria Forest Economy Summit in Abuja, Vice-President Kashim Shettima announced that Nigeria was targeting a $2 billion forest economy to promote inclusion and address deforestation.

Although the federal government lifted its ban on charcoal exports in 2023, new restrictions require exporters to secure approval from the Ministry of Finance and clearance from forest officers at ports.

Stakeho...