• Who are the palm oil companies in Nigeria?
  • Nofex Global Ventures Nigeria Limited 10. Mobilepalm 11. JPH-ZMART Global Company, Ltd. 12. Grace-Wenji import and export service 13. Hendrislinks Nigeria Limited 14. Royal Palm Refinery Ltd 15. Ticantan Centenary LTD What role do palm oil corporations play in Nigeria? How do these businesses guarantee the production of palm oil is sustainable?
  • How much palm oil is produced in Nigeria?
  • In Nigeria, 1.4 million metric tons of palm oil were produced in 2022. The manufacturing volume increased consistently between 2009 and 2022, with 2010¡¯s largest growth. This report is according to Statista.com. This shows that Nigeria is one of the world¡¯s top palm oil producers.
  • What if Nigeria kept its market dominance in the palm oil industry?
  • According to the Central Bank of Nigeria (CBN), if Nigeria had maintained its market dominance in the palm oil industry, the country would have been earning approximately $20 billion annually from cultivation and processing of palm oil as at today. To meet the supply gap of palm oil, the country had to depend on importation over the years.
  • What is the palm oil industry like in Ghana?
  • Ghana: Ghana’s palm oil industry is still relatively small, with a production of 300,000 metric tons. However, the government has identified it as a priority sector for development, and investments are being made to expand the industry.
  • Where does palm oil come from?
  • Palm oil is not strange to West Africa. In the region, C?te d’Ivoire, Ghana, Nigeria and Sierra Leone are major producers of both palm oil and palm kernel oil (PKO). In 1965, the World Bank injected nearly US$2bn into over 45 projects in Southeast Asia, Africa, and parts of Latin America to support the growth of the palm oil industry.
  • Which West African country produces the most palm oil?
  • Cote d’Ivoire: Also known as Ivory Coast, this West African nation produced 600,000 metric tons of palm oil in the latest estimates. Palm oil is one of the country’s main agricultural products, and the government is investing in expanding the industry. Cameroon: Cameroon is another West African country that has been producing palm oil for decades.