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  • Can palm oil processing be expanded in Nigeria?
  • However, the lower palm oil processing or production ability can’t match the increasing demand of palm oil, which now provides great opportunity to tap and expand the palm oil processing field in Nigeria and make profits from it.
  • Is palm fibre available in Nigeria?
  • Palm fibre is readily available in most parts of Nigeria as Nigeria is one of the largest producers of palm oil in the world, with an estimated production of 1.4 million metric tons in the year 2022 . ... ... In palm oil refinery, palm oil mill sludge (POMS) is the solid residue of palm oil mill effluent.
  • Why should we invest in palm oil production in Nigeria?
  • By investing in domestic palm oil production, Nigeria can create employment opportunities in rural areas, where most palm oil plantations are located. This can help alleviate poverty and drive economic growth in these regions.
  • Can Presco plc help Nigeria grow its palm oil production?
  • Nigeria’s palm oil imports from Malaysia, a leading global producer, increased by 65.3% in the first nine months of 2023. Businesses like Presco Plc can play pivotal roles in addressing these challenges and maximizing the potential of palm oil production in Nigeria.
  • What challenges does Nigeria face in palm oil production?
  • However, despite its prominence in the global market, the country faces several challenges in the palm oil production sector. One of the primary issues is the reliance on imports to meet domestic demand. Despite being a major palm oil producer, Nigeria still imports a significant portion of its palm oil needs.
  • How is palm oil used in Nigeria?
  • In Nigeria, there has been limited transformation and uses of the primary or secondary products oil palm for either food or non food applications. In developed economies, however, palm oil is used in the manufacturing of many foodstuffs including many industrial applications as can be seen in the Box below: