Nigeria is spending about $500 million annually on oil palm importation in order to complement existing gaps in the sector, Benard Okata, deputy director, department of agriculture in the Federal Ministry of Agriculture and Rural Development has said.
Mr Okata made this remark at the national workshop on oil palm organised by Solidaridad, an international non-governmental organisation in Abuja on Thursday. He said that Nigeria’s current local requirement for palm oil generally is about three million metric tonnes, but that it is producing only about 1.02 metric tonnes of oil palm.
“So, there is a gap,” he said. We import to make up for this gap, and Nigeria is spending about $500m annually for this importation up till now…
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