• Latest
  • Trending
  • All
  • National News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Labour abuse: Malaysian palm giant IOI to conduct audit after report, improve labour policies, working conditions

Nigeria Eyes Global Oil Palm Dominance As NPPAN Targets 10 Million Metric Tonnes by 2050

April 4, 2026
Auto Draft

10 Key Things to Know about Justice Lifu’s Judgment Affecting ADC, Atiku, By Abdulrahman Abdulaziz

November 7, 2026
Federal High Court

Court sacks David Mark-led ADC leadership, voids Atiku’s presidential primary

November 5, 2026
PDP convention

PDP leadership crisis: Turaki group loses again to Wike; heads to Supreme Court

November 5, 2026
benin city

Benin to receive 40 new repatriated looted artefacts from Sweden

November 4, 2026
outbreak

NMDPRA,​‌‌‌⁠‍‍⁠⁠‍‌⁠‌⁠‍⁠‍‌‌​ EFCC crack down on illegal refinery operation in Ogun

November 4, 2026
Sanwo-Olu’s new official portrait shows his brand identity – Aide

Sanwo-Olu Inaugurates Ministry of Justice Legal Research and Training Centre in Lagos

November 4, 2026
Extortion, misconduct: PSC demands probe of top police officers

Misconduct: PSC dismisses 3 senior police officers, demotes 16 others

November 4, 2026
Senate passes Finance Bill

Senate passes National Health Act bill for second reading

November 4, 2026
Largest rescue operation in history excites Tinubu; 308 victims now free

Troops neutralise 3 kidnappers, recover 4 AK-47 rifles in Kogi

November 4, 2026
Senate to consider Diaspora Voting Bill this week – Sen. Bamidele

30 state Houses of Assembly approve State Police Bill – Senate Leader

November 4, 2026
Federal High Court

Court sacks Sen. Karimi as APC candidate for 2027 Kogi West senatorial poll

November 4, 2026
Senate passes Finance Bill

Tinubu Seeks Senate Approval for $7.7bn External Borrowing to Fund 2026 Budget Deficit

November 4, 2026
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
Saturday, November 7, 2026
  • Login
Political Economist
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
No Result
View All Result
Political Economist
No Result
View All Result
Home Business & Economy

Nigeria Eyes Global Oil Palm Dominance As NPPAN Targets 10 Million Metric Tonnes by 2050

by Admin
April 4, 2026
in Business & Economy
0
Labour abuse: Malaysian palm giant IOI to conduct audit after report, improve labour policies, working conditions
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

…Unveils Plan for National Oil Palm Council and Development Fund to End Import Dependency

The National Palm Produce Association of Nigeria (NPPAN) says the country will be self sufficient and meet its global market share of oil palm by 2050.

This, it said in Abuja on Saturday, was possible through the effective efforts towards the implementation of National Oil Palm Development Strategy.

Mr. Alphonsus Inyang, National President of NPPAN, said this during an interview with the News Agency of Nigeria (NAN) on the sidelines of National Oil Palm Development Strategy validation meeting.

Inyang said that with the guideline, the country’s current production capacity of 1.4metric tonnes to 1.5metric tonnes annually, would increase to nine metric tonnes or 10 metric tonnes between now and 2050.

Inyang, also the Vice Chairman of the Technical Working Group for the development of the National Oil Palm Development Strategy, emphasised that the feat would be achieved by empowering smallholder farmers to enhance production.

Inyang further explained that the country intended to extend oil palm production to Taraba, Niger and Kogi States under the framework.

He said that leveraging some northern states among other intervention was part of the ways to achieved 2050 self sufficiency and global market targets.

“Taraba with with 69,000 square kilometers land is well placed to cultivate oil palm trees than the whole southern part of the country

“Taraba State has a longer sunshine than southern Nigeria; it also has water in some parts.

“So those are the things we are going to leverage. Niger State too has areas that can produce oil palm, Kogi also,” he said.

Inyang said the strategy was designed to reposition the country as a major player in the industry at the global level.

Inyang explained that the framework would encapsulate the establishment of a National Oil Palm Council (NOPC), an Oil Palm Development Fund and a National Smallholders Development Fund.

According to him, Nigerian Institute for Oil Palm Research (NIFOR) will be transitioned into a Nigerian Oil Palm Board to oversee research, development and innovation in the sector.

Inyang frowned at the rating of the country as number five oil palm producing country globally.

“We are number one palm oil producing country in Africa, number one importer, exporter and number one consumer.

“We produce more, we import more, we consume more and we export more than any other country in Africa,” he said

He attributed poor investment and growth in the sector over the years to the absence of a clear governance architecture and structure

Inyang said that the gap led to a fragmented system without central regulatory authority to guide investors

“Governance architecture and governance structure are key to drive the sector.

“The strategy will have a structured governance architecture similar to what is obtainable in Malaysia and Indonesia, the leading oil palm-producing countries.

“There will be a structured governance architecture that will be formed by the strategy with the oil palm development fund to manage 25 per cent of tariffs that are being collected for palm oil among other funds. that will be generated.

“With the development of the framework government has created an enabling environment to support growth in the sector.

“Therefore private sector players and investors should take advantage of the new policy framework,” he said.

Dr. Fatai Afolabi, Managing Consultant, Foremost Development Services, said the mission was to build a sustainable palm oil production for the country and ensuring self sufficiency, competitiveness and inclusive production.

“Its mission is leveraging a hybrid development model-integrating large scale estates and smallholders through sustainable practices, research and efficient supply chains,” he said. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Dr. Fatai AfolabiMr Alphonsus InyangNPPAN
Share196Tweet123
Admin

Admin

  • Trending
  • Comments
  • Latest
The Doherty brothers plot to hijack Lagos governorship, by March Oyinki   

The Doherty brothers plot to hijack Lagos governorship, by March Oyinki  

October 1, 2026
Top 11 ‘Firsts’ about US midterm elections: First open gay, first black governor, others

Top 11 ‘Firsts’ about US midterm elections: First open gay, first black governor, others

November 4, 2026
PDP convention

PDP leadership crisis: Turaki group loses again to Wike; heads to Supreme Court

November 5, 2026
IGP Orders State CPs To Recover Fire Arms From Private Security Outfits

Jonathan Sacks IGP Abba, Appoints Arase

19
Zinox iPower Inverter Claws to Market Dominance

Zinox iPower Inverter Claws to Market Dominance

2
Police seal off Ondo House of Assembly

Police foil another suicide bomb attempt in Borno, kill three bombers

2
Auto Draft

10 Key Things to Know about Justice Lifu’s Judgment Affecting ADC, Atiku, By Abdulrahman Abdulaziz

November 7, 2026
Federal High Court

Court sacks David Mark-led ADC leadership, voids Atiku’s presidential primary

November 5, 2026
PDP convention

PDP leadership crisis: Turaki group loses again to Wike; heads to Supreme Court

November 5, 2026
Political Economist

Copyright © 2017 JNews.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News

Copyright © 2017 JNews.