en.Wedoany.com Reported - On April 2, 2026, the Nigerian Federal Government validated the Oil Palm Development Strategy in Abuja, which was approved by key stakeholders. The core objectives are to enhance oil palm productivity, achieve self-sufficiency, reduce poverty, explicitly aiming to lift 2 million Nigerians out of poverty within six years, and propel the country to capture at least 10% of the global oil palm market share.
Minister of State for Agriculture and Food Security Aliyu Abdullahi stated that this strategy is a comprehensive roadmap to reposition the oil palm sector and drive economic growth. He pointed out that the sector currently faces challenges such as low productivity, weak processing systems, limited financing, and poor coordination, and that countries which started later have surpassed Nigeria through stronger investment and planning.
Aliyu Abdullahi added that revitalizing the oil palm industry will reduce Nigeria's dependence on imported edible oils, increase domestic supply, create a significant number of jobs, and simultaneously strengthen the linkage between agriculture and manufacturing. Oil palm was once a major contributor to Nigeria's economy and remains a crucial link between these two sectors.
Marcus Ogunbiyi stated in his remarks that the timely launch of this strategy will effectively increase oil palm productivity, promote value addition in the industry, create employment, and enhance Nigeria's competitiveness in the global oil palm market. He emphasized that the validation process has ensured the plan is aligned with the practical needs of the industry and is actionable.
The implementation of this strategy will standardize the development of Nigeria's oil palm industry, optimize its technological roadmap, help the country gain greater influence in the global oil palm market, and simultaneously drive poverty alleviation through industrial revitalization, promoting the synergistic development of agriculture and industry.
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