Nigeria, despite having one of the largest land areas under oil palm cultivation, ranks low in palm oil production. The country was once a significant producer in the 1950s and 1960s but has since fallen behind countries like Malaysia and Indonesia. A report by Vestance titled 'Reclaiming Lost Glory: Nigeria’s Palm Oil Renaissance' suggests that Nigeria can regain its position by learning from Malaysia and Indonesia's successes, including the clustering of smallholder farms around large estates, implementing effective trade policies, offering tax incentives, and focusing on seedling quality. The report also stresses the importance of establishing a regulatory body to ensure quality control and sustainable practices.