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Thu, Jul 13, 2023 6:45 AM

NEPC Condemns Continued Importation of Palm Oil into Nigeria

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NEPC Condemns Continued Importation of Palm Oil into Nigeria
The Nigerian Export Promotion Council (NEPC) has expressed its dissatisfaction with the ongoing importation of palm oil into Nigeria, despite the country being one of the largest producers of this commodity. NEPC emphasizes the detrimental effect of this practice on Nigeria's economic survival and urges palm oil producers to align with global best practices to boost its export potential. The article highlights the significance of palm oil in national development and the initiatives taken to enhance its production and export in the country.

The Nigerian Export Promotion Council (NEPC) has condemned the continued importation of palm oil into the country, citing its negative impact on the nation's economy. Despite Nigeria being one of the biggest producers of oil palm, it still imports the product, which hampers its economic growth and sustainability.

The Deputy Director of the NEPC's Akwa Ibom State Coordinating Office, Mrs. Pauline Ndulaka, expressed her concern during a training workshop for palm oil producers held in Uyo, Akwa Ibom State. She stressed the need for Nigeria to produce palm oil in line with global best practices to ensure seamless access to the international market.

Palm oil plays a vital role in Nigeria's national development, covering various derivatives such as oil palm fruit, palm kernel oil, palm kernel cake (PKC), refined palm oil, and more. In line with the government's agenda to boost exports, the NEPC listed palm oil among the thirteen strategic export products under the Agro-Industrial Products category in 2014.

To support this policy, the NEPC introduced the "One State - One Product" (OSOP) initiative, aiming to create employment opportunities through value addition and promote identified products. Palm produce emerged as a major OSOP product in all the states of the south-south region, with Akwa Ibom State selecting palm oil as its premier OSOP product.

The Director-General of the Association of Nigerian Exporters, Obong Joseph Idiong, encouraged potential exporters not to relent in their efforts to engage in export business, as it attracts foreign currency and helps strengthen the economy.

The event was officially opened by the Permanent Secretary for Trade and Investment in Akwa Ibom State, Mr. Oliver Udoukpo, who acknowledged NEPC's initiative. He assured of the ministry's continued collaboration with the agency to bolster export opportunities in the state.

The State Permanent Secretary of the Ministry of Agriculture, Mrs. Mary Ukoette, emphasized the state government's commitment to boosting palm oil production. She mentioned the establishment of Dakkada Global Oil Palm Limited as part of the decisive steps taken to achieve this goal.

In conclusion, the NEPC's condemnation of continued palm oil importation in Nigeria highlights the importance of maximizing the country's rich palm oil resources. By adhering to global best practices, Nigeria can tap into the immense potential of the international market, leading to economic growth, job creation, and increased foreign exchange earnings.

Source of content: OOO News 2023-07-13 News

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