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  • Who are the palm oil companies in Nigeria?
  • Nofex Global Ventures Nigeria Limited 10. Mobilepalm 11. JPH-ZMART Global Company, Ltd. 12. Grace-Wenji import and export service 13. Hendrislinks Nigeria Limited 14. Royal Palm Refinery Ltd 15. Ticantan Centenary LTD What role do palm oil corporations play in Nigeria? How do these businesses guarantee the production of palm oil is sustainable?
  • Should you set up a palm oil processing mill in Nigeria?
  • Setting up a palm oil processing mill in Nigeria would minimize the cost on raw material purchase and transportation. What’s more, Nigeria has great demand of crude palm oil. It would be very convenient to produce and sell palm oil in Nigeria, which must be a profitable business.
  • How is palm oil extracted in Nigeria?
  • The large scale processors attached to the estate mills offer high yields of 75% oil extracted of the available oil (PIND, 2011). However, more than 75% of the crude palm oil produced in Nigeria is still obtained thanks to traditional methods. SPO and PKO are the main inputs for secondary processing.
  • Is Nigeria a net importer of palm oil?
  • As explained below, Nigeria was a net importer of palm oil during the period under review. Imports have been increasing between 2005 and 2009. On average 23% of consumption comes from imports especially from West Africa (Table 2). Since Nigeria is an importer of palm oil, the CIF price was taken as the benchmark price.
  • What is the future of the palm oil industry in Nigeria?
  • Investment bank, United Capital, in a recent report, gives an optimistic projection about the future of the Palm oil industry in Nigeria as the key player continues to invest aggressively in capacity expansion.
  • Why is palm oil important in Nigeria?
  • Nigeria relies heavily on palm oil, which boosts the nation’s economy and creates employment possibilities for its people. Nigerian palm oil producers have a variety of responsibilities beyond only producing palm oil.