Skip to content
September 7, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Nigeria unveils plans to join palm oil producing bloc
  • Business & Economy

Nigeria unveils plans to join palm oil producing bloc

Admin February 21, 2026

The Federal Government says it will validate a technical committee report geared towards transiting Nigeria from observer status to full membership of Council of Palm Oil Producing Countries (CPOPC) in April.

Sen. Abubakar Kyari, Minister of Agriculture and Food Security said this when the council’s mission visited him on Saturday in Abuja.

He said that the ministry had constituted a technical committee to consider how the country would seamlessly transit from observer country to membership CPOPC based on its strategic importance in palm oil production.

“We are conscious of the fact that palm oil value chain is very strategic for us and identified it an export crop that can drive foreign exchange for the country and ensure good health in terms of consumption.

“We are conscious of the fact that we need the support of CPOPC countries to avail the country with new variety of seeds that are climate smart resistant that it can be produced by farmers in the country,” he said.

Mr. Alphonsus Inyang, President, National Palm Produce Association of Nigeria (NPPAN) said being a member of CPOPC Nigeria would target over 10 million tonnes oil palm between 2026 and 2050.

“We are also targeting 2.5 million hectres from among Nigeria households who are out to produce one hectre each geared towards N20 trillion annual economy within this period from among Nigeria households.

“We are working side by side with the big players who will be developing plantations,” he said.

The Secretary-General of CPOPC, Izzana Salleh said the council mission to Nigeria was to see how the country could transit from observer status to full membership, among others

She said that the status of the country as an observer nation since 2024 would expire by November.

Salleh assured the country of the council’s readiness to support
it’s vision to strengthen domestic production, enhance food security and build a competitive and sustainable palm oil supply chain.

Izzana emphasised that being a member of the council would strategically position Nigeria for greater future regarding oil palm production .

According to her, visit is to strengthen the council’s engagement with Nigeria
including potential membership in CPOPC.

She said: “the aim of the council’s mission to Nigeria is to advance both Nigeria’s national ambitions and Africa’s collective voice in global agricultural discussions.

“CPOPC was established to promote
cooperation among producing nations, empower smallholders, advance sustainability, and ensure fair, science-based global dialogue on vegetable oils.

She emphasised that being a member of the council would strategically position the country for greater future regarding oil palm production and value chain as well as export.

“We are ready to support Nigeria’s vision to strengthen domestic production, enhance food security, and build a competitive and sustainable palm oil supply chain,” she said. (NAN

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Abubakar Kyari CPOPC Izzana Salleh

Post navigation

Previous Innoson employs 8,000 workers, expands with new tractor plant
Next 17 ships discharging petroleum products, others in Lagos ports

Related Stories

Atiku, Tinubu, subsidy removal and Azu Ishiekwene’s Devilnomics, by Tony Eluemunor
  • Business & Economy

Atiku, Tinubu, subsidy removal and Azu Ishiekwene’s Devilnomics, by Tony Eluemunor

September 6, 2026
Auditor-General queries N33.75bn in cash transfers in 2023, no sufficient evidence showing true beneficiaries New naira notes
  • Business & Economy

Auditor-General queries N33.75bn in cash transfers in 2023, no sufficient evidence showing true beneficiaries

September 6, 2026
CBN Mopping Operations Drain Banking System Liquidity to N3.66 Trillion
  • Business & Economy

CBN Mopping Operations Drain Banking System Liquidity to N3.66 Trillion

September 4, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Troops ​‌‌‌⁠‍‍⁠⁠‌‍‌⁠‍‍​‍‍‌​foil terrorists’ attack, recover arms in Sokoto Troops
  • National News

Troops ​‌‌‌⁠‍‍⁠⁠‌‍‌⁠‍‍​‍‍‌​foil terrorists’ attack, recover arms in Sokoto

September 6, 2026
Atiku, Tinubu, subsidy removal and Azu Ishiekwene’s Devilnomics, by Tony Eluemunor
  • Business & Economy

Atiku, Tinubu, subsidy removal and Azu Ishiekwene’s Devilnomics, by Tony Eluemunor

September 6, 2026
Cookies and gummies infused with cannabis intercepted at Lagos port by NDLEA
  • Crime and Justice

Cookies and gummies infused with cannabis intercepted at Lagos port by NDLEA

September 6, 2026
NDLEA arrests ex-convict posing as herbal tea merchant; intercepts cocaine consignment heading to Saudi Arabia
  • Crime and Justice

NDLEA arrests ex-convict posing as herbal tea merchant; intercepts cocaine consignment heading to Saudi Arabia

September 6, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.