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Mr Fatai Afolabi, Chief Executive Officer, Foremost Development Services Limited and Consultant/Adviser, Plantation Owners Forum of Nigeria (POFON), explains ways to revamp Nigeria’s oil palm industry, how the government interventions should look like and the need for smallholder and commercial models of oil palm cultivation and value chains. FEMI IBIROGBA, Head, Agro-Economy, reports.
Nigeria used to be a top palm oil-producing country, but today it imports large quantity of the commodity into the country. How did we get here?
Much has been said about this by other stakeholders that I don’t like to repeat. But I like to emphasise that over the years, the Nigerian oil palm industry has been a victim of neglect and sabotage, the combined effect of which has depressed and almost crippled the capacity of the country to produce palm oil effectively.