Indonesia: GAPKI's hopes in the Nigerian palm oil industry niche market

Published 2024년 8월 24일

Tridge summary

Nigeria is emerging as a potential market for Indonesian palm oil, with over 210 million people and serving as a major trade route in Africa. To strengthen cooperation and expand the export market, the Indonesian Palm Oil Entrepreneurs Association (GAPKI) signed a memorandum of understanding (MoU) with the National Palm Producers Association of Nigeria (NPPAN). The MoU aims to foster growth in Nigeria's palm oil industry and establish mutually beneficial cooperation. The Indonesia Expo Festival in Kano, Nigeria, was also well-received, with the Indonesian Embassy initiating the event and a comparative study at a cooking oil filling and packaging factory in the Kano Free Trade Zone. The free trade zone offers incentives to attract investment, and the Head of the Indonesian Trade Promotion Center in Lagos emphasized that Indonesian investment in Nigeria's palm oil industry could improve local farmers' welfare and enhance the global image of palm oil.

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Original content

Although Nigeria's palm oil imports from Indonesia were still around 94 thousand tons last year, this country with 36 states is still a hot spot to become a market for Indonesian palm oil in the future. ADVERTISEMENT Because, in addition to having a population of more than 210 million people, Nigeria is also a major trade route on the African mainland. Looking at this great potential, yesterday, the General Chairperson of the Indonesian Palm Oil Entrepreneurs Association (GAPKI), Eddy Martono, signed a memorandum of understanding (MoU) with Alphonsus Inyang, President of the National Palm Producers Association of Nigeria (NPPAN). The goal is to strengthen cooperation and expand the Indonesian palm oil export market in Nigeria. "This MoU is an important milestone in trade relations between the two countries. We are committed to supporting the growth of the palm oil industry in Nigeria and establishing mutually beneficial cooperation. Hopefully, this MoU can also encourage bilateral ...

Source: Wartaekonomi