palm oil refining plant from factory in nigeria

                                               
                                               
                                               
                                               
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  • Why is Nigeria a net importer of palm oil?
  • From being one of the leading exporters of crude palm oil in the 1960s, Nigeria is now a net importer. In a bid to close the supply gap and encourage local investment, the Federal Government included Refined Palm Oil (RPO) as one of the items that importers are restricted from accessing foreign exchange at the interbank market.
  • 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 is a palm oil production plant?
  • This Palm Oil Production Plant is based on practically proven technology which is not only energy efficient & environment friendly, but also economical. This is a large scale palm kernel oil processing project set up in Nigeria. The production capacity is 120 tons per day. It is a complete plant including Seed Cleaner, GOYUM 27
  • Does Nigeria have a supply gap for palm oil?
  • To meet the supply gap of palm oil, the country had to depend on importation over the years. However, in 2015, the CBN published a list of 41 items, including palm oil, as ineligible for forex through the Nigerian interbank market to encourage local production and manage foreign reserves.