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The opportunities and weakness of Nigerian oil palm industry

Sylvester Chibueze IZAH 1, *
Elijah Ige OHIMAIN 1

  1. Industrial and Food Policy Research Unit, Biological Sciences Department, Faculty of Science, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria
Correspondence to: Sylvester Chibueze IZAH, Industrial and Food Policy Research Unit, Biological Sciences Department, Faculty of Science, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria. Email: pvphuc@bmrat.org.
Volume & Issue: Vol. 2 No. 1 (2016) | Page No.: 33-43 |
Published: 2016-01-31

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IZAH, S. C., & OHIMAIN, E. I. (2016). The opportunities and weakness of Nigerian oil palm industry. Biotechnological Research, 2(1), 33-43. https://br.biomedpress.org/index.php/br/article/view/710
Copyright © 2016 by the author(s).

Copyright The Author(s) 2017. This article is published with open access by BioMedPress. This article is distributed under the terms of the Creative Commons Attribution License (CC-BY 4.0) which permits any use, distribution, and reproduction in any medium, provided the original author(s) and the source are credited. 

Abstract

Oil palm is one of the most oil bearing plant in the world and it has diverse uses. Oil palm is grown in tropical and subtropical regions with suitable environmental conditions. Nigeria presently is the fifth largest producers of oil palm accounting for about 1.5% of global output behind Indonesia, Malaysia, Thailand and Colombia. The continued population growth industrialization and expansion has resulted to increased demand for palm oil (i.e the major product from oil palm). Nigeria domestic supply can only meet about 55% of the total demand. Hence, the deficits are met through importation. This study aimed at evaluating the opportunities and weakness/threat of the Nigeria oil palm sector and ways of overcoming the pitfalls were suggested.

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