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Nigeria Spends $600m Importing Palm Oil Despite Vast Production Potential
Nigeria Spends $600m Importing Palm Oil Despite Vast Production Potential
By: Michael Mike
Nigeria is spending about $600 million annually importing palm oil and its derivatives, despite being one of the crop’s natural homes and having the potential to become a major global producer and exporter, an industry stakeholder has disclosed.
The development, described as a major reversal of Nigeria’s fortunes in the oil palm industry, has raised fresh concerns over the country’s dependence on imports for a commodity it once produced in significant quantities for the international market.
The stakeholder, Lawal Olusola Lawal, who spoke at the unveiling of his book: “Trade Protectionism Disguised as Climate Advocacy: Why Europe is Demonizing the Oil Palm Tree,” said Nigeria had historically contributed about 45 per cent of global vegetable oil demand, but had since lost its competitive position following years of neglect and inadequate investment.
He said the country currently produces only about half of the palm oil required for domestic consumption, leaving a substantial supply deficit that is being met through imports.
“It is very disheartening that the commodity we used to sell to others is what we are now importing back into the country to augment our local production,” he said.
According to him, Nigeria’s import bill for palm oil and palm oil products stood at about $600 million in 2025, representing foreign exchange that could have been retained in the economy through increased domestic production and processing.
He said the problem went beyond the importation of crude palm oil, noting that Nigeria also imports many of the industrial derivatives required by manufacturers.
“About 100 per cent of the industrial derivatives used in industries, including the production of creamers, noodles and other products, are not being produced in Nigeria,” he said.
He attributed the situation largely to the failure to develop the country’s oil palm value chain beyond primary production.
The stakeholder argued that oil palm should no longer be viewed simply as a crop for producing cooking oil, stressing that the industry could support a broad manufacturing ecosystem and generate employment across several sectors.
According to him, oil palm produces numerous commercially valuable products, creating opportunities in food production, cosmetics, manufacturing, machinery, waste recycling and other industries.
He said the crop could produce different forms of oil for food and industrial applications, while its waste products could also be converted into other commercially useful materials.
“If we have a working industry, you have people working in the production of machinery, people collecting waste materials and turning them into other products,” he said.
He cited the experiences of Indonesia and Malaysia, which have developed their oil palm sectors into major sources of employment, export earnings and rural development.
The countries, he said, had demonstrated how investment in oil palm could lift millions of people out of poverty while generating substantial foreign exchange.
The stakeholder, who had earlier authored another book “How to Build Generational Wealth Through Oil Farming in Bigeria” dedicated to solving the nation’s oil palm production plight put the global palm oil market at about $300 billion, arguing that Nigeria should be taking advantage of the huge international market rather than using scarce foreign exchange to import products that can be produced locally.
He also disclosed that Nigeria was importing palm oil from neighbouring countries, further illustrating the extent of the country’s production deficit.
The development comes despite Nigeria’s favourable climate and long history of oil palm cultivation.
The stakeholder said the country had the land, climate and human resources required to regain its position but had failed to take advantage of those natural advantages.
Asked where Nigeria went wrong, he gave a blunt assessment: “One of the ways we got it wrong is negligence.”
He called for renewed investment in plantations, improved seedlings, modern processing facilities, access to affordable financing, research and development, and policies capable of attracting private-sector investment into the industry.
Lawal also urged policymakers to approach oil palm as an integrated industrial value chain rather than simply an agricultural commodity.
The revival of the sector, he argued, could help Nigeria reduce its import bill, conserve foreign exchange, create millions of jobs and ultimately return the country to the global export market.
For Nigeria, which once played a dominant role in the international oil palm trade, the shift from selling palm oil to the world to buying it from neighbouring countries is increasingly becoming a symbol of the wider challenge facing the country’s agricultural and manufacturing sectors.
The industry stakeholder maintained that reversing the trend remained possible, but warned that it would require sustained investment and an end to the neglect that allowed Nigeria to lose ground to countries that have successfully turned oil palm into a major economic engine.
Nigeria Spends $600m Importing Palm Oil Despite Vast Production Potential
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Troops recover cannabis, other illicit drugs huge out in Mangu market
Troops recover cannabis, other illicit drugs huge out in Mangu market
By: Zagazola Makama
Troops of Sector 8, Operation Enduring Peace (OPEP), have recovered quantities of cannabis sativa and other illicit drugs during a raid on a suspected hideout of drug peddlers at Mangu Market in Mangu Local Government Area of Plateau State.
The operation was conducted at about 5:10 p.m. on Oct. 7, 2026, as part of efforts to flush out illicit drug dealers and other criminal elements operating within the area.
Security sources told Zagazola Makama that troops deployed from Sabon Gari moved to the identified hideout and conducted a raid.
The suspected drug peddlers, however, had fled the location before the arrival of the troops.
The troops recovered quantities of cannabis sativa and other suspected illicit substances from the hideout.
The recovered exhibits have been secured in custody for further investigation and necessary action, the source said.
The operation is part of ongoing efforts by OPEP troops to disrupt criminal activities and deny illicit drug dealers and other criminal elements safe havens in Plateau State.
Troops recover cannabis, other illicit drugs huge out in Mangu market
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2027: Tinubu Deserves Second Term, Says First Lady Oluremi unveils APC women campaign council, orders nationwide mobilisation for ‘total victory
2027: Tinubu Deserves Second Term, Says First Lady Oluremi unveils APC women campaign council, orders nationwide mobilisation for ‘total victory’
By: Michael Mike
The First Lady, Senator Oluremi Tinubu, has described her husband as deserving a second term, claiming that President Bola Tinubu administration’s economic reforms are beginning to produce tangible results and deserve the continued support of Nigerians.
Speaking on Monday in Abuja at the inauguration of the All Progressives Congress (APC) Presidential Women Campaign Council for the 2027 general elections, the First Lady said the government’s economic interventions had moved beyond policy pronouncements to measurable signs of national stabilisation.

She urged APC women across the country to take the message of the administration’s achievements to the grassroots and mobilise Nigerians for what she described as a decisive electoral victory for President Tinubu and all APC candidates in 2027.
The campaign council, inaugurated under the banner “Renewed Hope Agenda 2.0: From Reforms to Prosperity,” is expected to spearhead a nationwide women-led mobilisation drive covering the presidency, governorships, the National Assembly and State Houses of Assembly.

Mrs. Tinubu said the administration’s economic reforms were beginning to reshape the country’s economic outlook, pointing to declining inflation, growing foreign reserves, increased investor confidence and greater support for farmers.
“Our economy is stabilizing, inflation is coming down, foreign reserves are growing, and investors are returning to Nigeria,” she said.
She also cited the Nigeria Education Loan Fund (NELFUND) initiative, noting that university students could now access interest-free loans to support their education.
According to her, the progress recorded by the administration was not merely political rhetoric but evidence that the country was moving towards economic recovery and prosperity.

“The theme of this year’s rally is not just a slogan; it is our reality,” the First Lady declared.
Describing President Tinubu as a courageous leader prepared to take difficult decisions in the national interest, she appealed to APC women to become the administration’s strongest grassroots communicators ahead of the elections.
She charged members of the newly inaugurated council to move across the country, engage communities and convince voters to support the APC at every level of government.
Mrs. Tinubu also announced a major restructuring of the various women support groups campaigning for the President, saying they had been brought under a single APC campaign structure to ensure unity and discipline.
“We have collapsed every other women support group into one—from Tinubu Again to Torch Bearers and others,” she said.
“What you will see on the ballot box is APC. We are here to promote APC, nothing less.”
The First Lady said the campaign structure would organise six geopolitical zonal mega-rallies, state-level rallies and a grand finale in Abuja as part of an aggressive mobilisation strategy ahead of the 2027 polls.
She disclosed that she would participate in the zonal campaigns alongside the wife of the Vice President, Hajia Nana Shettima, and other senior party leaders.
At the state level, she said the mobilisation would be driven by the wife of the Senate President, the wife of the Speaker of the House of Representatives and the Chairperson of the Nigeria Governors’ Spouses Forum.
Earlier, the APC National Women Leader, Dr. Mary Alile Idele, charged the newly inaugurated campaign council to translate the administration’s reform message into direct grassroots engagement.
She said the “Renewed Hope Agenda 2.0: From Reforms to Prosperity” was not simply a campaign slogan but a call for women leaders to take ownership of the administration’s message and communicate its opportunities and achievements to Nigerians.
Alile urged the women to take the campaign into homes, markets, communities and wards, insisting that grassroots mobilisation would be critical to the party’s success in 2027.
She outlined a four-point strategy for the council, beginning with the creation of stronger women-to-women networks across wards, local government areas and communities.
The second, she said, was to identify women in need, link them with available empowerment opportunities and ensure that beneficiaries subsequently became agents of development within their communities.
She also tasked the council with taking the message of reform, opportunity and prosperity to every community while listening to citizens’ concerns and transmitting constructive feedback to the leadership.
The final plank of the strategy, she said, was to move beyond mobilisation to measurable results through clearly defined responsibilities, functional grassroots structures, regular engagement and accountability.
The inauguration signals the beginning of what the APC hopes will be a formidable women-driven campaign machinery ahead of the 2027 elections, with the party positioning its female leadership structures as a critical force in its quest for victory across the country.
2027: Tinubu Deserves Second Term, Says First Lady Oluremi unveils APC women campaign council, orders nationwide mobilisation for ‘total victory
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Troops, DIA Team Recover SMG Rifle, Ammunition in Taraba Raid
Troops, DIA Team Recover SMG Rifle, Ammunition in Taraba Raid
By: Zagazola Makama
Troops of the 114 Battalion (Reinforcement), in collaboration with a Defence Intelligence Agency (DIA) composite team, have recovered a submachine gun rifle and assorted ammunition during a raid on a suspected criminal hideout in Taraba State.
Security sources told Zagazola Makama that the operation was conducted at about 3:00 p.m. on Oct. 3, 2026, at Abbare in Lau Local Government Area.
The sources said the joint team recovered one submachine gun rifle, one magazine, 12 rounds of 7.62mm NATO ammunition, one round of 7.62mm special ammunition and five rounds of 9mm ammunition.
No contact was made with the suspected criminals, and no arrest was recorded during the operation.
The recovered weapon and ammunition remain in military custody for further investigation and necessary action.
The raid forms part of ongoing security efforts to dismantle criminal hideouts, recover illegal weapons and prevent armed groups from using such facilities to perpetrate violence in the region.
Troops, DIA Team Recover SMG Rifle, Ammunition in Taraba Raid
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