Nigeria targets 10% global palm oil share
In Nigeria, Business Day reported that Nigeria has unveiled an ambitious plan to reposition the oil palm industry as a major economic driver, targeting a 10% share of the global market.
At the core of the plan is a shift from low-value primary production to higher-value processing and industrial utilization. The government is pushing for investment in modern mills and technology to improve extraction rates, reduce post-harvest losses, and meet international quality standards, according to the report.
On the global front, Nigeria is deepening engagement with the Council of Palm Oil Producing Countries as an observer, with plans to transition to full membership, the report added.
The move is expected to strengthen technical collaboration, improve market access, and align Nigeria with global sustainability standards increasingly shaping palm oil trade.
Category: Food & Agriculture
