Nigeria: Establish oil palm development council, NPPAN tells FG

RBD Palm Oil

Published Feb 1, 2024

Tridge summary

The National Palm Produce Association of Nigeria (NPPAN) is urging the federal government to establish the National Oil Palm Development Council to regulate and support the oil palm industry. NPPAN's president, Ambassador Alphonsus Inyang, is also advocating for the government and commercial banks to accept oil palm trees and plantations as collateral for loans to assist rural farmers. The industry is currently facing challenges such as lack of investment, limited financing options for smallholder farmers, palm oil adulteration, and the detrimental effects of import waivers.

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Original content

The National Palm Produce Association of Nigeria (NPPAN) has appealed to the federal government to establish the National Oil Palm Development Council to regulate and support the oil palm industry. The national president of the association, Ambassador Alphonsus Inyang, made the appeal during the association’s National Executive Council election recently in Abuja. Inyang who was re-elected as the national president, also called on government and commercial banks to accept oil palm trees and plantations as collateral for loans to facilitate funding access for rural farmers. The “National Farm Produce Association of Nigeria is at the forefront of fighting and also lobbying for the creation of the National Oil Farm Development Council to act as the regulator and the enabler for the industry. “So we will be telling them (government and banks) look, our palm trees are our collateral because you can sell a palm tree easier than selling an estate in Nigeria; accept our palm trees, our ...

Source: Daily Trust (ng)