Nigeria and Indonesia sign cooperation agreement on palm oil

Published Sep 10, 2024

Tridge summary

The National Palm Producers Association of Nigeria (NPPAN) and the Indonesian Palm Oil Association (GAPKI) have signed a Memorandum of Understanding (MoU) in Abuja, Nigeria, to boost the palm oil industry in both countries. The agreement aims to provide Nigerian smallholder farmers with access to advanced knowledge, technology, and economic opportunities, thereby enhancing the productivity and profitability of the sector. This partnership also aligns with Indonesia's ambitions to expand its palm oil market beyond its traditional borders, positioning Nigeria as a key partner in this expansion. The MoU is expected to strengthen the palm oil industry, contribute to economic growth, and enhance bilateral relations.

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Original content

In the Nigerian capital Abuja, the agreement was signed by the National Palm Producers Association of Nigeria (NPPAN) and the Indonesian Palm Oil Association (GAPKI), marking a major step towards strengthening the palm oil industry in the two countries. Ambassador Alphonsus Inyang, Chairman of NPPAN, stressed that the MoU will provide smallholder farmers in Nigeria with access to important knowledge, technology and economic opportunities in the palm oil sector. The agreement was signed to promote growth in Nigeria’s palm oil industry, fostering mutually beneficial cooperation. This will reduce Nigeria’s dependence on traditional farming methods, and improve productivity and profitability for local farmers. Mr. Eddy Martono, Chairman of GAPKI, reiterated Indonesia’s commitment to supporting the development of Nigeria’s palm oil industry. He noted that the agreement is in line with Indonesia’s strategy to expand its palm oil market beyond its traditional areas, with Nigeria ...

Source: Vinanet