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Nigeria Spends $500m Annually Importing Palm Oil, Agric Ministry Says

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Officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organisations on Thursday said Nigeria was spending about $500m annually on oil palm imports.

At the national workshop on oil palm organised in Abuja by Solidaridad, an international NGO, senior government officials and other stakeholders agreed to partner to reduce the continued import of the commodity.

Speaking on the sidelines of the workshop, the Deputy Director, Federal Department of Agriculture, FMARD, Bernard Okata, said, “The partnership is to move the oil palm sector forward.

“Our current local requirement for oil generally is about three million metric tonnes, but we are producing about 1.02 metric tonnes of oil palm.

“So there is a gap. We import to make up for this gap, and Nigeria is spending about $500m annually for this importation up till now.”

According to a report by Punch, Okata explained that the volume of oil and fat that Nigeria requires was about three million metric tonnes, but it had been challenging to meet this demand.

He said, “We have oils from groundnut, soybean and all that. But from oil palm alone, we are producing 1.02 million MT, while from other oils we produce 1.7 million MT and so the shortfall is about 350,000MT.

“So the significance of this partnership is to ensure that the foreign exchange is channelled to the development of other activities if we can expand our oil palm production to satisfy our local industries.”

On his part, the Senior Climate Specialist for Africa at Solidaridad, who doubles as Country Technical Lead, Nigeria, Sam Ogala, stated that Nigeria was not meeting its domestic demand for oil palm.

“This country is spending around $500m annually to import oil palm. That shows you the huge gap, and it’s because we are not meeting local demand,” he said. He added, “In the early 1960s before the oil boom, Nigeria was exporting oil palm, but after that oil boom, we started importing, and all forms of oil palm are finding their way to the Nigerian market.”

Source:- Sahara Reportes

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Entertainment News

New Music: Yungsniekey – Super Story

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Fast-rising afro-fuji artist Yungsniekey debuts his latest single “Super Story“, Produced by Daihardbeatz.


Listen below:

The post New Music: Yungsniekey – Super Story appeared first on BellaNaija – Showcasing Africa to the world. Read today!.

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“Mummy forgive me” – Actress, Nkechi Blessing reconciles with Toyin Abraham

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Popular Nollywood actress, Nkechi Sunday Blessing has finally settled her diffrence with fellow actress, Toyin Abraham.



This is coming after Blessed was rushed to the hospital as she collapsed during a movie set some days ago.

Taking to Instagram to pen a public apology from her sickbed, the thespian wrote;

“I was going to write a page full of epistle.. But let me finish my last drip and come say them to you face to face ..In d main time ..Mummy mi Edakun Ejebure.. I miss you plenty @toyin_abraham.”

Toyin Abraham in response took to her comment section and wrote;
“My love..it’s fine..I love and miss you more.”

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IGP queries police legal officer over suit challenging the legality of the state jiducial panels

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The Inspector-General of Police, IGP M.A Adamu, has directed immediate investigations into a suit purportedly challenging the legality of the States’ Judicial Panel of Inquiry, investigating allegations by citizens against officers of the defunct Special Anti-Robbery Squad (SARS).

The IGP, who gave the order on the heels of trending reports in the media, today 3rd December, 2020, expressed the disapproval of the Force Management Team on the matter and ordered investigations into the alleged role of the Force Legal Section including its Head.

A statement released by the spokesperson of the Force, Frank Mba, says the Force Legal Officer has been queried and may face further sanctions if found guilty of dereliction of duty.

Mba said the IGP is committed to fulfilling all his obligations with regards to the disbandment of the defunct SARS, the ongoing Judicial Panels and all other police reforms.

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