• Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Facebook X (Twitter) Instagram
Monday, March 9
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram
Oriental News Nigeria
  • Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Oriental News Nigeria
Home»Business»Importation Of Palm Oil Killing Local Industries 
Business

Importation Of Palm Oil Killing Local Industries 

By Orientalnews StaffMay 28, 2019Updated:May 28, 2019No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
Yemisi Izuora
Local Palm Oil producers  have raised concern over continuous importation palm oil palm which they say posed serous threat to local industry.
Already, Nigerian producers are disconcerted as profits are begining to dip and plantation owners forum of Nigeria (POFON) are crying over the conspiracy to cripple the sector.
  Speaking during Okomu Awareness Week to mark the Health Safety, and Environment Day, Dr. Graham Hefer, Managing Director of Okomu Oil Palm Company expressed deep concern over foreign importation menace.
  “We are very disappointed to see that in the last four months, there have been a lot of adulterated and illegal importation of crude palm oil and Olein into the market. We see that we can get olein freely available in supermarkets in Nigeria. They are from Indonesia or Malaysia. These are banned products that are not permitted into the country,” he declared.
According to him, record from the Malaysian palm oil board of statistics showed that in the first  quarter of this year, about 103,000 tons of palm products were imported into the country, this is now about four times the size of the 2018 import.
  “If you go further and look at the amount of oil that Malaysia sold to Benin Republic, to Ghana, to Ivory Coast and the like, you will find that for instance, in Benin Republic, there are more palm trees per square meter than there are people in the Benin Republic if you just do the calculation.
  “It is obvious that we are under extreme stress, it is not just for our company, the whole oil pipeline stream right down to the end user, everybody is now being affected negatively and we are begging the government to once again take cognizance of this,” Dr. Hefer lamented.

Share this:

  • Share
  • Click to email a link to a friend (Opens in new window) Email
  • Tweet
  • Click to share on Reddit (Opens in new window) Reddit
cover
Orientalnews Staff

Related Posts

NIMASA Applauds Women Contribution In The Maritime Sector Development

March 9, 2026

Economists Commend Dangote Refinery For Averting Fuel Crisis

March 7, 2026

Dangote Refinery Commits To National Energy Stability Despite Crude Price Rise 

March 6, 2026

Leave A Reply Cancel Reply

The latest
  • FG, NiMet Lead Drive For Climate-Resilient Health Systems In Nigeria
  • Nigeria Customs Celebrates DCG Dera Nnadi’s Retirement On His 60th Birthday
  • Nigeria Customs, PEBEC Unite To Drive Paperless Ports, Slash Bureaucratic Delays
  • CGC Adeniyi Urges Unity, National Service At Customs Ramadan Iftar Gatherings
  • Navy Gunboats Repel Sea Robbers, Rescue 16 Passengers On Ibaka-Bakassi Route
  • Nigeria Customs Rallies Stakeholders For National Single Window Launch
  • Oyo/Osun Customs Strengthens BATN Ties, Seeks Alaafin Support Against Smuggling
  • Fidelity Bank Photo News: During The Courtesy Visit By The British Deputy High Commissioner And His Team To The Fidelity Bank Head Office In Lagos.
  • IWD 2026: CAPPA Urges Stronger Protections, Inclusive Policies For Women
  • UBA Commemorates Women’s Month With Special Edition Of Business Series 
Categories
Quick Links
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Copyright © 2026 Oriental News Nigeria. All right reserved.

Type above and press Enter to search. Press Esc to cancel.