Nigeria and Indonesia sign an agreement to cooperate on palm oil

Nigeria and Indonesia have signed a Memorandum of Understanding (MoU) aimed at advancing palm oil production and expanding market opportunities, with a focus on modernizing practices and improving income for smallholder farmers. The agreement, signed in Abuja by the National Palm Produce Association of Nigeria (NPPAN) and the Indonesian Palm Oil Association (GAPKI), marks a significant step toward strengthening the palm oil industry in both countries. Ambassador Alphonsus Inyang, President of NPPAN, emphasized that the MoU would offer smallholder farmers in Nigeria access to vital knowledge, technology, and economic opportunities within the palm oil sector. He highlighted that the agreement is designed to promote growth in Nigeria’s palm oil industry, fostering cooperation that benefits both nations. The initiative is expected to reduce Nigeria’s reliance on traditional farming methods, enhancing productivity and profitability for local farmers. Mr. Eddy Martono, Chairman of ...