Nigeria intends to turn the African palm oil market

Africa is failing to meet its demand for palm oil and must import it, regrets the secretary of the Nigerian Action Committee on the African Continental Free Trade Area (Zlecaf), Francis Anatogu. “Still a lot of palm oil is imported into Africa because we don't have the production capacity to meet African demand. So we need to build that capacity and reduce palm oil imports. Africa is failing to produce the quantities the continent requires. […] It's not just palm oil but its value chain, ”the Nigerian daily This Day reported yesterday. “Our market is huge and represents 11.8% of Africa’s total imports. We must maintain our share of the national market and we hope to develop local capacities, ”said the official. Welcoming the efforts already made, in particular by the Nigerian government to increase investment in agriculture and agribusiness, however, he stressed the importance of intensifying the effect and of "catalyzing the national market in order to s 'ensure that we consume ...