FG urged to establish presidential initiative for oil palm development

The National Palm Produce Association of Nigeria (NPPAN) has appealed to the federal government to set up a presidential initiative for oil palm development.
Alphonsus Inyang, the association’s national president, appealed on Friday in Abuja.
He said, “The initiative would generate N16 trillion to boost the economy through oil palm between now and 2030 and upgrade it from the current 5th largest oil-producing nation globally to 3rd position.”
Mr Inyang said such an initiative should be funded by a special fund to enable it to meet its target.
He explained that the Federal Ministry of Agriculture and Food Security (FMAFS) has set up a technical working group on oil palm strategy and roadmap development, which is a step in the right direction.
Mr Inyang said the association had designed a model to be adopted by the federal government to make the country the third-largest palm oil-producing country globally.
“We are currently number five, producing 1.4 million tonnes per year, which is a far cry from Indonesia, the number one, which produces 50 million tonnes per year.
“Nigeria produces 1.4 million tonnes per year, and this is not enough to take care of our needs.
“We have designed a model for the government that the country can develop 2.5 million hectares between now and 2030. This means 2.5 million households,” he said.
Mr Inyang identified the country as the largest producer and consumer of oil palm in Africa; however, he said the nation could not produce enough for its populace.
He recommended the plantation of oil palm in home states, neighbourhoods, and around the houses rather than mass production.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Heading 5
Court of Appeal nullifies Electoral Act provisions on parties’ primary election, membership register
Zenith Party argued that the disputed Electoral Act provisions unlawfully interfered with the internal affairs of political parties.Â

Lagos
Governor Sanwo-Olu inaugurates climate investment fund
Mr Sanwo-Olu described the fund as a landmark intervention.Â

States
Judiciary partners revenue board to boost IGR in Taraba
Mr Agya commended the service for its reforms.Â

NationWide
NRC reaffirms police partnership to protect rail assets
Mr Opeifa described the nation’s railway infrastructure as critical national assets that must be safeguarded.Â

Showbiz
‘Home Alone 2’ actress Brenda Fricker dies at 81
She was born in 1945 in Dublin, Ireland.

Africa
Ghana TikToker jailed after claiming President Mahama sacrificed 32 cows to win election
Mr Mahama made a comeback in 2024 after losing reelection in 2016.





