Friday, August 2, 2019
Advertisement

FG targets four million jobs through oil palm production

FG targets four million jobs through oil palm production
May 23
11:41 2019
Advertisement

The federal government says it is working to create four million jobs through oil palm production in the country.

Sunday Akpan, the permanent secretary, federal ministry of industry, trade, and investment, made this known on Wednesday during the presentation of the draft Oil Palm Policy document value chain.

Akpan was represented at the event by Omololu Ope-Ewe, director of the department of Commodity Produce and Inspectorate (CPI).

The director said oil palm production has the potential to sufficiently and conveniently place the country as a major oil palm producer and exporter, ‘as against what is obtainable in the crude oil sector’.

“The essence of the national oil palm policy is to guide, regulate, protect and support both public and private investment in the sector,” a statement signed by Sorinolu Olayinka, senior information officer in the ministry, quoted him to have said.

According to Akpan, local oil production currently accounts for 1% as against 70% in the past.

With the policy in place, he said the country would have a document that protects the sector, while due diligence would be done to stimulate investment for higher productivity.

The document will be transmitted to the federal executive council for approval after it is completed.

RECEIVE ALERTS FROM THECABLE

BBM CHANNEL C0038F78B
WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2019 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.
Advertisement

Social Comments

0 Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

*

Advertisement
Advertisement
Advertisement

Exchange Rates

August 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement