Nigeria, the world fifth largest palm oil producer, consumes around two million tonnes of palm oil per year, half of which is imported, with local output at 800,000 to one million tonnes. Hefer said the big players like Okomu account for just 30 percent of local production, while small growers represent 70 percent.
How many palm oil mills does Okomu have?
Established in 1976, Okomu has three oil mills, producing 40,000 tonnes of crude palm oil (CPO) per year. One mill is in operation, while the second is due for commissioning this month and the third expected to come on stream next year. The company expects to double production to 80,000 tonnes per year by 2025. – Small players struggle –
What is palm oil mill effluent?
Palm oil mill effluent (POME) is a good substrate for the production of organic manure, biomolecules and amendment of oil-contaminated soil. Recommendations on how to tackle various challenges along the PO supply chain were presented at the end of the paper. Content may be subject to copyright. PARITY¡ Kano State, Nigeria. State, Nigeria. Nigeria.
How much does it cost to develop oil palm in Nigeria?
The Plantation Owners Forum of Nigeria, an industry lobbying group, has appealed to government and lenders to assist smaller operators with concessionary loans. To develop one hectare of oil palm requires $4,000 to $5,000 and the gestation period is a minimum of three years, according to the association.