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?
What percentage of palm oil is produced in Nigeria?
While in the early 1960s, Nigeria’s palm oil production accounted for 43% of the world production, nowadays it only accounts for 7% of total global output. Nigeria is now a net importer of the product.
How many palm oil plantations are there in Nigeria?
The estimate for oil palm plantations in Nigeria ranges from 169,000 hectares (72,000 ha of estate plantations and 97,000 ha of smallholder plantations) to 360,000 hectares of plantations . In the 1950s and 1960s, Nigeria was a leader in the world palm oil market.
What are the different types of palm oil in Nigeria?
Varieties Three varieties of Oil palm are available in Nigeria; namely Dura, Pisifera and Tenera. The preferred variety among palm oil farmers in Nigeria is the hybrid Tenera which is a crossbreed of the Dura (female) and the Pisifera (male).
Why is palm oil important in Nigeria?
Nigeria relies heavily on palm oil, which boosts the nation’s economy and creates employment possibilities for its people. Nigerian palm oil producers have a variety of responsibilities beyond only producing palm oil.
How to plant oil palm?
Oil palm is planted in the main field in the triangular system at a spacing of 9 m accommodating 140 palms per ha. Planting is preferably done at the onset of rainfall during May-June. The first harvest can be taken 3.5 to 4 years after planting After field establishment, various managements are required before it starts fruiting. This includes: