Nigeria can earn big from Palm oil
Add caption The management of Okomu palm oil company has said that in spite of infrastructure deficit, processed palm oil could become Nigeria’s main foreigner exchange earner. The company’s Managing Director, Mr. Graham Hefer, told Agric Naija on Thursday in Benin there was a bright future for palm oil. Although there are problems of steady power, roads and inconsistent government’s policies, but, “I can say that if all necessary things are put in place, we hope to see palm oil grow in volumes’’. This will ease pressure on foreign exchange and facilitate development of other sectors,’’ he said He said that agriculture was the way to go for Nigeria and palm oil produce could sustain Nigeria’s economy in the future. The palm oil sector in the country’s Gross Domestic Product (GDP) is heavy and an indication that there was a large scope for improvement. “ I can see a big boom in the sub-sector only if there is right environment for government-private partnership.’’ he ...