Charcoal Export from Nigeria Explained: Prices, Process and the Debate

16 October 2026 - Naira Briefing

Charcoal is a surprising but significant Nigerian export, shipped to Europe and the Middle East for cooking and industry. It earns dollars like any export — but it also sits inside a real debate about deforestation, so it is a trade to understand carefully. Prices track the exchange rate.

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From farm to export

  • Production — wood converted to charcoal, often informally.
  • Grading and bagging — to meet export standards.
  • Export — sold abroad in dollars.

Why dollars matter to farmers

Charcoal earns hard currency, but sustainable sourcing is the live question — unregulated cutting carries an environmental cost that policy is tightening. A fair conversion on proceeds matters, and export finance can fund compliant operations.

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