Business CBN Set to Resuscitate Nigeria's Oil Palm Sector

Taybat Ade-Ola

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The Central Bank of Nigeria (CBN), has pledged it’s determination to lead the revitalisation of the oil palm sector in Nigeria in order to provide jobs for Nigerians, the NATION reports.

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele who made the pledge in Abuja yesterday said Nigeria currently lags behind in a distant fifth position in world production, behind countries that many years ago sent emissaries to Nigeria to learn production techniques and to get their first seedlings.

Mr. Emefiele who also decried the practice where huge amounts are spent to import items that could ordinarily be produced locally, stressed the need for all stakeholders to collaborate to restore the glory days to the oil palm sector in the country.
 

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