The National Palm Produce Association of Nigeria (NPPAN) has revealed that Nigeria spends $600 million annually on palm oil oil importation. This was stated by Mr Alphonsus Inyang, the National President of the association, in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja. Inyang criticised these expenses as detrimental to national development, suggesting that the funds could be better utilised within the economy if the palm oil oil sub-sector received adequate attention from successive governments He highlighted Nigeria’s historical self-sufficiency in palm oil production, contrasting it with the current situation where…
‘Nigeria spends $600m annually on palm oil importation’
