SENATE MOVES TO PROTECT PALM OIL / KERNEL INDUSTRY IN NIGERIA
The Nigeria Senate during it’s plenary on Tuesday raised a motion on urgent need to halt the importation of palm oil and it’s allied products to protect the palm oil/kernel Industry in Nigeria.
The motion is being presented to the Senate by Senator Francis Alimikhena from Edo North. The unbridled importation of palm kernel and allied palm products into Nigeria is threatening the Federal Government’s campaign for the diversification of the economy through increase Agricultural production and export.
Since 2017, Nigeria has imported 450,000 tons of palm oil to the tune of #116.3billion,is as grim a reality as it is worrisome. Nigeria has an ever increasing population with a steady decline in Palm oil production and a proliferation of the uses of various products from palm oil, it is an economic fact that there is high demand for palm oil in Nigeria. Our dear country was the world leading producer of palm oil at independent but Indonesia and Malaysia have overtaken us and we now import palm oil.
Saddened that Malaysia, which is widely believed to have collected it’s first palm seedlings from Nigeria some decades ago is now exporting palm oil products to us. The Government must reverse this trend worth copious investments in the local palm industry and the protection of local producers from unnecessary imports.
We have the land and the man power to become formidable force in the oil palm production.