$600m Imports: Federal Govt, Private Sector Join Forces To Expand Palm Oil Production

Leadership | 17-04-2026 08:09pm |

Nigeria is ramping up efforts to reverse its growing palm oil import bill, as the federal government and private-sector investors move to scale up domestic production to close a supply deficit that currently costs up to $600 million annually. Nigeria currently produces about 1.4 million metric tonnes of palm oil annually, while domestic demand exceeds

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