Nigeria’s economy is crisis-ridden as a result of dependence on crude oil export. PalmBiofuel Petroleum Nigeria
But self-inflicted challenges that de-ranked the country from the largest producer in the pre-independence era to the fifth producer are getting compounded by insecurity and land tenure system, among others.
With shifts from whole petroleum energy products such as petrol and diesel, the country can also benefit from the production of industrial and fuel-grade alcohol from cassava and sugarcane and biodiesel from palm oil. Aggregating these value chains as spinoffs from primary agricultural production, the country may earn such revenues to match its current revenues from petroleum.
Insecurity caused by herdsmen is a serious one that needs to be tackled. It threatens even the basic issues of food security, as many farmers, including women, now fear to farm beyond their homes and cannot go out far afield as their regular farmlands because of fear of attack by herdsmen. This has also largely affected persons engaged in cash crop agriculture such as cocoa, oil palm, cashew and rubber.
How many tonnes of palm oil does Nigeria need yearly, and what percentage of it do we produce locally?
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