Nigeria’s $550m palm oil import bill sparks calls for industry support

Businessday | 20-05-2026 08:02am |

Nigeria's agricultural sector is facing increased scrutiny due to its substantial $550 million palm oil import bill, which has raised concerns among local growers. They have highlighted that the prevalence of adulterated palm oil has reached a critical level, posing a national emergency. In light of these challenges, stakeholders are urging the government to provide more support to the domestic palm oil industry to enhance local production and reduce dependency on imports.

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