• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, August 21, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result
ADVERTISEMENT

Federal Gov’t Raises Committee To Curb $600m Annual Palm Oil Imports

by Adegwu John
4 weeks ago
in News
Palm Oil
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government has inaugurated a National Palm Oil Traceability Framework and an Interagency Committee in a major move to revive Nigeria’s palm oil industry and reduce the country’s over $600 million annual expenditure on imports.

Advertisement

The initiative, launched under the National Initiative for Sustainable and Climate Smart Oil Palm Smallholders (NISCOPS), implemented in partnership with Solidaridad and IDH with aim to boost local production, ensure ethical sourcing and build a transparent supply chain.

Stakeholders Target Activating Nigeria’s $10bn Palm Oil Export Potential

Speaking at the inauguration in Abuja yesterday, the minister of Agriculture and Food Security, Abubakar Kyari, represented by the permanent secretary, Dr. Marcus Ogunbiyi, described the framework as a bold step towards reclaiming Nigeria’s position as a global palm oil powerhouse.

In the 1960s, Nigeria accounted for over 40 percent of global palm oil production, however, the country has dropped to less than two percent, with annual production at about 1.4 million metric tonnes against a demand of over two million metric tonnes.

To address this, the minister emphasised that the National Palm Oil Traceability Framework will serve as a strategic tool for ensuring food safety, enhancing market competitiveness, and aligning production with sustainability and ethical standards.

RELATED

Chieftaincy Title Tussle: Alaafin Is A Comedian – Ooni’s Aide

Royal Dispute: ‘Sheathe Your Swords,’ Olugbon Cautions Alaafin, Ooni Supporters

49 minutes ago
Ethiopian Airlines Expands Abuja Operations

Ethiopian Airlines Expands Abuja Operations

49 minutes ago

The initiative, he noted, is in line with the National Agricultural Technology and Innovation Policy (NATIP) and the Renewed Hope Agenda of President Bola Ahmed Tinubu, which places agriculture at the centre of economic diversification and food security.

He added that the newly inaugurated interagency committee will drive the design and implementation of a national roadmap, coordinating efforts across federal and state agencies, private sector players, processors and farmer cooperatives.

“The establishment of a national traceability system for palm oil is a clear demonstration of our determination to modernise agricultural value chains, enhance global competitiveness and promote responsible production and sourcing throughout Nigeria’s oil palm sector.

Sustainability is the language of the now and the future, a litre of palm oil without a story of its origin will no longer find a market. We must produce responsibly, transparently, and sustainably”, the minister said.

Also speaking at the event, programme manager of Solidaridad Nigeria,  Kene Onukwube, said the traceability framework will bring a two-pronged benefit, an effective tracking system for palm oil and a corresponding policy to institutionalise its implementation.

He highlighted Solidaridad’s contributions to the development of the framework, including piloting successful traceability models in Akwa Ibom, Cross River, Enugu, and Kogi states, with support from the Kingdom of the Netherlands and the UK’s Foreign, Commonwealth & Development Office (FCDO).

“With traceability in place, we expect improved efficiency in production, processing, and distribution, currently, part of the reason Nigeria continues to import palm oil is the lack of a system to track local output back to producers. This reform can correct that.

We have demonstrated that effective traceability is possible,” he said. “Now, in collaboration with the Federal Ministry, we are helping to scale it nationally by aligning stakeholders, providing technical support to the committee, and identifying both challenges and opportunities in the process”, Onukwube said.


Join Our WhatsApp Channel

BREAKING NEWS: Nigerians in Nigeria and those in diaspora can now earn Dollars while at home with Ultra-Premium domains, acquire them for $1700 and profit up to $25,000. Click here to start.

US based Nigerian used a secret app to catch his cheating wife in Nigeria, Click here to see step by step on how he uncovered the truth


Tags: Palm oil
SendShare10174Tweet6359Share
Previous Post

Female Lawmakers Tasked On Special Seats Bill

Next Post

Sweet Poison: Unmasking The Health Crisis Behind Soft Drinks

Adegwu John

Adegwu John

You May Like

Chieftaincy Title Tussle: Alaafin Is A Comedian – Ooni’s Aide
News

Royal Dispute: ‘Sheathe Your Swords,’ Olugbon Cautions Alaafin, Ooni Supporters

2025/08/21
Ethiopian Airlines Expands Abuja Operations
Business

Ethiopian Airlines Expands Abuja Operations

2025/08/21
Emzor Pharmaceutical Successfully Repays Debut Series 1 Commercial Paper
Business

Emzor Pharmaceutical Successfully Repays Debut Series 1 Commercial Paper

2025/08/21
‘I Can Swear With Quran That I Never Stole Kaduna Money’ — el-Rufai
News

‘Stop Fabricating Statements In My Name,’ El-Rufai Warns ADC Bloc

2025/08/21
Singer Shatta Wale Interrogated, Granted Bail Over Lamborghini Linked To $4m Crime Proceeds In US
Entertainment

Singer Shatta Wale Interrogated, Granted Bail Over Lamborghini Linked To $4m Crime Proceeds In US

2025/08/21
‘Reparations: Colonial Debt’ Documentary Sparks Fresh Conversations About Africa
Entertainment

‘Reparations: Colonial Debt’ Documentary Sparks Fresh Conversations About Africa

2025/08/21
Leadership Conference advertisement

LATEST

Royal Dispute: ‘Sheathe Your Swords,’ Olugbon Cautions Alaafin, Ooni Supporters

Ethiopian Airlines Expands Abuja Operations

Emzor Pharmaceutical Successfully Repays Debut Series 1 Commercial Paper

‘Stop Fabricating Statements In My Name,’ El-Rufai Warns ADC Bloc

Singer Shatta Wale Interrogated, Granted Bail Over Lamborghini Linked To $4m Crime Proceeds In US

‘Reparations: Colonial Debt’ Documentary Sparks Fresh Conversations About Africa

‘Resign, Join Private Sector If You Want Higher Salaries’, Activist Tells Political Office-holders

Group Commends NSC DG Over Intervention In Olympian Amas Daniel’s Suspension

Bitget Introduces Index Perpetuals On Real-World Assets

Federal, State Collaboration Vital For National Dev’t, Says Walson-Jack

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.