CBN eyes $10b revenue from palm oil
An ambitious plan, which is expected to lift Nigeria to the world’s third-largest palm oil producer, was announced yesterday by the Central Bank of Nigeria .Addressing stakeholders in the palm oil industry in Abuja yesterday, CBN Governor Godwin Emefiele stated: “Our ultimate vision is to overtake Thailand and Columbia to become the 3rd largest producer over the next few years.”
“This analysis does not take into consideration the amount of jobs that could have been created in our rural communities from large scale smallholder developments.
“We will also work to encourage viable off taker agreements between farmers and large-scale palm producing companies.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria spends $500m annually on palm oil importation - CBN - Vanguard News NigeriaThe Governor, Central Bank of Nigeria (CBN) Mr Godwin Emefiele on Monday said that over five hundred million dollars was being spent annually on importation of palm oil.
Read more »
Apapa Customs generates N60.1bn in 2 months, intercepts 24 containers - Vanguard News NigeriaThe Apapa Customs Command said on Monday in Lagos that it generated N60.1 billion between Jan. 2019 and Feb. 2019.
Read more »
CBN: Nigeria Spends $500m Annually on Palm Oil Importation - THISDAYLIVEThe Governor, Central Bank of Nigeria (CBN) Mr Godwin Emefiele, on Monday said that over five hundred million dollars was being spent annually on importation of palm oil. Emefiele said this at a stakeholders’ meeting on the Palm Oil Value Chain held in Abuja. The meeting was attended by the Governors of Akwa Ibom, Edo …
Read more »
CBN, SEC green light for Access, Diamond merger - The Nation NigeriaThe Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have approved the merger of Access Bank Plc and Diamond Bank Plc, the last major regulatory hurdle for the consummation of the business combination. Both banks at the weekend confirmed receipt of the final approval from the financial services authorities. The final …
Read more »
Nigeria spends $500m annually on palm oil importation, says CBN – Daily TrustThe Governor, Central Bank of Nigeria (CBN) Mr Godwin Emefiele on Monday said that over five hundred million dollars was being spent annually on importation of palm oil. Emefiele said this at a stakeholders’ meeting on the Palm Oil Value Chain held in Abuja.ADVERTISEMENT The meeting was attended by the Governors of Akwa Ibom, Edo …
Read more »
Nigeria spends $500 million annually on palm oil importation - CBNThe CBN Governor regrets that the country is still importing palm oil in spite sufficient arable land.
Read more »
Textile: Labour leader lauds CBN ban on sale of Forex to importers - Vanguard News NigeriaComrade lssa Aremu, General Secretary, National Union of Textile, Garment and Tailoring Workers of Nigeria, (NUTGTWN) has lauded the Central Bank of Nigeria (CBN) for banning sale of Forex to importers of textile materials.
Read more »
Labour reacts to CBN ban on forex sale to importers - Daily Post NigeriaComrade lssa Aremu, General Secretary, National Union of Textile, Garment and Tailoring Workers of Nigeria, (NUTGTWN) has lauded the Central Bank of Nigeri
Read more »
Development financing: In praise of Emefiele – Daily TrustStakeholders in the renewed drive to re-industrialize Nigeria have recently Mr Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN) for the recent ban on sale of forex to importers of textiles into the Country. This is a singular praise for the CBN Governor not too much. The Central Bank of Nigeria on …
Read more »