Sat. Nov 23rd, 2024

Palm Oil Producers Lobby to Cut Nigeria’s $600m Per Year Import Dependence

Palm Oil Industry

By Adedapo Adesanya 

The National Palm Produce Association of Nigeria (NPPAN) is lobbying to cut down the $600 million the country spends annually to import the product.

Mr Alphonsus Inyang, National President of the association,  in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja, stated the expenses are unhealthy for national development.

Mr Inyang said the money could be saved and injected into the economy if the palm oil sub-sector was given due attention by successive governments.

The president regretted that Nigeria, which was self-sufficient in palm oil production in the past, now spends a huge amount to import the same product.

Mr Inyang recalled that in the 60s, Nigeria was number one in palm oil production and exportation globally, controlling over 60 per cent of world palm oil.

He said that the reverse was the case at the moment as over 50 per cent of what the country consumes is imported.

Mr Inyang said that based on data from the US Department of Agriculture, Nigeria currently occupies fifth position in the league of palm-oil-producing countries with 1.5 per cent or 1.4 million metric tons of the world’s total output.

“At the moment, the country occupies the fifth position in the league of palm-oil-producing countries after Indonesia, Malaysia, Thailand and Colombia.

“Nigeria may even lose the position to smaller countries who are investing heavily in the sector.

“Indonesia occupies the first position, producing 50 million metric tons, Malaysia second with 19 million metric tons, Thailand 3.28 million and Colombia 1.9 million metric tons,” he said.

“Nigeria was overthrown as the world’s largest palm oil producer and exporter by Malaysia and Indonesia in 1966.

“Currently, Nigeria is the largest consumer of the product in the continent, consuming approximately three million metric tons yearly.

“Domestic production stands at less than 1.4 million metric tons, leaving a deficit of over 1.6 million metric tonnes,’’ he said.

The NPPAN president attributed the challenge to the neglect of the sector by successive governments and called on the Ministry of Agriculture and Food Security, to support its members with seedlings to develop 250,000 hectares per year.

“Our members can plant up to 250,000 hectares per year through the association’s National Oil Palm Strategy Development Plan; all we want are inputs.

“Government does not need to give and develop land for us, we need seedlings, fertilisers, logistics and implements to close this gap within four years.”

“We will also create new millionaires in 28 states of the federation,” he added.

By Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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