Accessing CBN’s oil palm intervention funds is very difficult, says Ibru
The focus on agriculture by the Federal Government of Nigeria and the intervention funding initiatives are a welcome development no doubt.
Palm biofuel, agro-based pharmaceuticals, others can replace petroleum, says Ikuenobe
Not necessarily. However, the country can grow more food to reduce its import dependence in such areas as sugar, rice, palm oil and fish, as well as derivatives of agricultural produce...
Four states key into national palm oil initiative
Akwa Ibom, Cross River, Enugu and Kogi states have endorsed the National Initiatives for Sustainable and Climate-Smart Oil Palm Smallholders (NISCOPS) project in Nigeria.
Edo strategise for sustainable oil palm sector
Edo State Government has taken moves to strengthen partnerships to engender a sustainable oil palm sector and safeguard its forest belt.
CBN okays N200b to back export of oil palm, cocoa, others
The Central Bank of Nigeria (CBN), through its Bankers Committee, yesterday rolled out a N200 billion intervention facility to support export of five commodities. They include oil palm, cocoa, sesame seeds, shea seeds and cashew and are to provide concessionary finance to non-oil exporters, aid non-oil export productivity and create more jobs. Besides, the apex…
Abia community leases 1040-hectare oil palm to Dufil Prima Foods
A 1040-hectare oil palm farm has been given by Amokwe and Okai villages of Item in Bende local government area to Dufil Prima Foods Plc to enable it source its raw materials. Dufil Prima Foods Plc, manufacturer of Indomie Noodles and Power Oil, currently sources most of its palm raw materials abroad, hence this proposed project will…
Oil palm firm set to produce 8.4 million bunches annually
The management of Okitipupa Oil Palm Plc (OOPC), Okitipupa, in Ondo State, has embarked on corporate restructuring for better performance to produce 8.4 million bunches of fresh palm fruits yearly.
Akwa Ibom state faces scarcity of oil palm seedlings
Hard times await oil palm farmers in Akwa Ibom State this farming season as the state government has no seedlings for farmers. The farmers said the situation had persisted for over three years, and a visit to the state’s nursery at NtakInyang showed that the place is empty, with only a handful of seedlings, which…
Ugwuanyi calls for revival of oil palm production nationwide
Gov.Ifeanyi Ugwuanyi of Enugu State has called for the revial of oil palm production nationwide to boost oil palm production and restore its lost glory as a prime income earner for Nigeria.