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Nigeria’s Palm Oil Imports Are Falling Due To A Policy Of Backward Integration - Business - Nairaland

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Nigeria’s Palm Oil Imports Are Falling Due To A Policy Of Backward Integration by Acechief: 2:13pm On May 16, 2022
Nigeria’s imports of crude palm oil have consistently decreased over the previous three years as domestic output has increased.
Nigeria initiated the backward integration program in 2011 in an attempt to reclaim its lost position among global palm oil producers, but it wasn’t until 2018 that it gained traction.
PZ Wilmar, Dufil Prima Foods, Agric Palm Limited, Presco, and Okomu Oil Palm Company, among others, have made significant investments in establishing backward integration projects.
There are currently no credible numbers for palm oil output and imports in Nigeria.
https://www.thenews-chronicle.com/nigerias-palm-oil-imports-are-falling-due-to-a-policy-of-backward-integration/

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