Nigeria, the world fifth largest palm oil producer, consumes around two million tonnes of palm oil per year, half of which is imported, with local output at 800,000 to one million tonnes. Hefer said the big players like Okomu account for just 30 percent of local production, while small growers represent 70 percent.
Why is oil palm an economic plant in Nigeria?
In Nigeria, which is considered a developing country and also among the largest producers, oil palm is an economic plant because it serves as a major source of income to individuals and foreign exchange to the economy .
What type of oil does Nigeria produce?
Nigeria’s petroleum is classified mostly as "light" and "sweet", as the oil is largely free of sulfur. Nigeria is the largest producer of sweet oil in OPEC. This sweet oil is similar in composition to the petroleum extracted from the North Sea. This crude oil is known as "Bonny light".
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.