Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele has bemoaned the current situation in the country’s oil palm industry, and expressed the determination of the bank to change the narrative. Underscoring the importance of oil palm as a tree crop with immense economic value, Emefiele noted that its products are important sources of affordable edible and non-edible oils for domestic and industrial uses. He regretted that in spite of this, the Nigerian palm oil industry was at a crossroad, as its further growth and contribution to the national economy continue to be threatened by inadequate local production and continued reliance on imports...read more
https://tell.ng/over-n30-billion-disbursed-by-cbn-to-boost-palm-oil-production-emefiele/