CBN to revive oil palm sector, stop importation – Emefiele

Written by on March 1, 2021

Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, says the apex bank is committed to reviving the oil palm sector with a view to stopping the importation of the commodity.

He stated this over the weekend in Benin, Edo state, at a town hall meeting organized by the Oil Palm Growers Association of Nigeria, OPGAN, to proffer solutions to the dwindling fortune of the oil palm sector in Nigeria held at the Nigerian Institute for Oil Palm Research, NIFOR, Benin.

Emefiele who was represented at the event by his Special Adviser on Development Finance,  Anthony Ufechukwu, said the CBN is very emphatic about reviving the oil palm sector.
He noted that the farmers under a good organization, the apex bank would be able to fund them, including insurance packages for the farmers.

National President of OPGAN, Mr. Joe Onyiuke, said the meeting was to rally support from the federal government to revive the oil palm sector.


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