FG Targets $500m Savings In Palm Oil Sector Revival Plan

Nigeria expends about $600m annually to meet 1.1m tonnes of palm oil shortfall – Minister

WorldStage– Nigeria produces approximately 1.4 million metric tonnes of palm oil annually, while domestic demand exceeds 2.5 million metric tonnes which led to the expenditure of between 500 million and 600 million dollars on imports, according to the Minister of Agriculture and Food Security, Sen. Abubakar Kyari. He disclosed this on Thursday at the National Stakeholders Meeting on the Joint Development of Nigeria’s Palm Oil Production Capacity…

Nigeria Produces 1.4m Tonnes Of Palm Oil Annually — FG

Nigeria produces 1.4m tonnes of palm oil annually — FG By Doris Esa The Federal Government says Nigeria produces approximately 1.4million metric tonnes of palm oil annually, while domestic demand exceeds 2.5million metric tonnes. The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, disclosed this on Thursday at the National Stakeholders Meeting on the Joint Development of Nigeria’s Palm News Agency of Nigeria

FG Targets $500m Savings In Palm Oil Sector Revival Plan

The Federal Ministry of Agriculture and Food Security has unveiled a new drive to revitalise Nigeria’s palm oil industry, aiming to reduce imports and save about $500m annually through expanded local production and private sector investment. The initiative was announced at a National Stakeholders’ Meeting on the Joint Development of Nigeria’s Palm Oil Production Capacity held in Abuja on Thursday, where the Ministry partnered with Mass Industria…

Nigeria Produces 1.4 Million Tonnes of Palm Oil, Faces Major Supply Gap – FG

The Federal Government has revealed that Nigeria produces about 1.4 million metric tonnes of palm oil each year, falling short of the country’s domestic demand estimated at over 2.5 million metric tonnes. This was disclosed in Abuja during a national stakeholders’ meeting focused on expanding Nigeria’s palm oil production capacity, organised by the Federal Ministry […] The post Nigeria Produces 1.4 Million Tonnes of Palm Oil, Faces Major Supply …