Forum seeks to rediscover opportunities in Palm Oil industry


Participants at the Palm Oil Stakeholders Forum in Port Harcourt have been enjoined to rediscover opportunities inherent in the industry to boost Nigeria’s economy.

The call was made by Mr. Nabil Saleh, President, Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHACCIMA), at the forum organised by PHACCIMA,

Saleh said that the stakeholders forum with the theme, “Resuscitating the Palm Oil Industry, Prospects in Rivers State”, was to refocus attention of government, investors and key operators of the economy on the Palm oil Industry.

He also urged the key players in the palm oil industry “to heed to the clarion call to diversify our ailing economy to agriculture”, he said. Saleh stated that the objectives of the forum are to critically examine the root cause for collapse of the Palm oil Industry and also to mitigate the challenges.

He also said the forum  aimed to identify huge potential of the sub-sector, promote its commercial  cultivation, create more jobs and reduce poverty in Rivers and Nigeria at large.

Saleh said that PHACCIMA would continue to partner government and stakeholders to promote areas of common interest through strategic  and meaningful advocacies that will engender needed socio-economic development in Rivers.

Mrs. Saratu Iyaaliyu, the President, Nigerian Association of  Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), said that resuscitation of palm oil industry was an important project.

Iyaaliyu noted that the project was worth actualising at this time when the global trend of technology is fast moving from oil to energy.

She urged Nigerians to be serious with agriculture to create more employment and boost the economy.

Mr Felix Nwabuko, the Managing Director Of Siat Nig. Ltd , in a paper titled “The Draft Review Document on National Policy on Palm Oil Value Chain  in Nigeria”, said that entrepreneurship, land and labour are major challenges facing the Palm oil Industry.

Nwabuko called on government to partner the private sectors to achieve its goal in oil palm industry to boost economy of Nigeria.