for makeing palm oil soybean oil the epicentre in nigeria

   
for makeing palm oil soybean oil the epicentre in nigeria
                                               
                                               
                                               
                                               
  • for makeing palm oil soybean oil the epicentre in nigeria
Does Nigeria have a strong oil palm sector?

In May 2021, FAS Lagos¡¯s visit to Edo State of Nigeria revealed the dynamics of a robust oil palm sector ¨C especially the state¡¯s policy to attract foreign investment into the oil palm sector. The state is making inroads in embracing Roundtable on Sustainable Palm Oil (RSPO) codes.

Which Nigerian palm oil companies are expanding production?

Two major Nigerian palm oil companies ¡ª Okomu Oil Palm Plc (OKOMUOIL) and PRESCO Plc ¡ª are expanding their production. PRESCO recently commissioned 500 MT capacity refinery that is presently running at 70% installed capacity.

How much palm oil is produced in Nigeria in 2023?

In 2023, the production of palm oil in Nigeria reached 1.4 million metric tons. Between 2009 and 2023, the production quantity generally increased, registering the highest growth in 2010, when it grew by roughly 14 percent. From 2014 onwards, the output from palm oil production followed a rising trend.