prefessional new palm oil refine plant in nigeria

   
prefessional new palm oil refine plant in nigeria
                                               
                                               
                                               
                                               
  • prefessional new palm oil refine plant in nigeria
Will Nigeria's thriving palm oil business be revived?

Issued on: 03/10/2021 - 08:04 Modified: 03/10/2021 - 08:02 Standing beside the piles of dark red palm fruits ready for crushing for their essence, Nigerian farmer Micah Ojo hopes to cash in on the government's drive to revive the country's once thriving palm oil business.

Can Presco plc help Nigeria grow its palm oil production?

Nigeria¡¯s palm oil imports from Malaysia, a leading global producer, increased by 65.3% in the first nine months of 2023. Businesses like Presco Plc can play pivotal roles in addressing these challenges and maximizing the potential of palm oil production in Nigeria.

What is the palm oil industry like in Nigeria?

The Nigerian palm oil industry is very fragmented and dominated by numerous small-scale farm holders, which account for over 80% of local production, while established plantations account for less than 20% of the total market.

How much does it cost to develop oil palm in Nigeria?

The Plantation Owners Forum of Nigeria, an industry lobbying group, has appealed to government and lenders to assist smaller operators with concessionary loans. To develop one hectare of oil palm requires $4,000 to $5,000 and the gestation period is a minimum of three years, according to the association.