• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, June 26, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Support oil palm research, Presco MD urges Nigeria

Oil palm

The Matters Press by The Matters Press
June 7, 2022
Reading Time: 2 mins read
0
Buhari moves against palm oil importers

Palm oil

The Managing Director, Presco Plc, Mr Felix Nwabuko, has urged government agencies to support oil palm research to boost export and economic development.

RELATED POSTS

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

Nwabuko made the call while addressing oil palm stakeholders at Presco’s plantation site at Ologbo, near Benin on the occasion of the “Seed Evidence Day’.

The managing director in a statement on Tuesday said that research was the way to go to sustain investments and development of oil palm production in the country.

Nwabuko said that smallholder and outgrower farmers were very critical to the development of the sector.

He, however, commended the Central Bank of Nigeria for efforts to sustain growth in the sector.

He said that challenges posed by inadequate land for large scale expansion had made collaboration with smallholder farmers imperative.

Also speaking, Edo State Commissioner for Agriculture and Food Security, Mr Stephen Idehenre, said government was working to boost oil palm production in the state.

Idehenre said the state government was collaborating with Presco and other stakeholders to produce quality seedlings for Nigeria and the international market.

On his part, the President, Nigeria Agric Business Group, Mr Emmanel Ojewere, described oil palm as the future of Nigeria and Africa.

Siat Group Research & Development Manager, Mr Reinout Impens, who spoke on the outcome of research conducted with partners, said the development would boost growth and sustain profitability.

Impens said the Siat Group started a 20-year collaboration with CIRAD, PalmElit and INRAB in 2007, aimed at sustaining progress and development in the oil palm sub sector.

He said that the “Genetic Block Project” implemented at Presco saw the establishment of progeny trials covering some 500 hectares.

“This project, developed in Africa and one of the largest of its kind in the world, engages over 120 full time workers to monitor the growth, production, and oil extraction rate components.

“Results indicate that oil yield of over 5t/ha can sustainably be achieved in Africa (against a global average of around 4t/ha and well above the 1t/ha averaged in Nigeria).

“These efforts, by ensuring perpetual progress in genetic potential and regional adaptation, not only provide the Siat Group with guaranties regarding the quality of planting materials used.

“It also safeguard the sustainable growth of the African oil palm industry in general, primarily by increasing yield and thus reducing the need for land conversion or deforestation,” he said.

Tags: Oil palm
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
ECOWAS, Sahel states in deal to  confront terrorism
Foreign

ECOWAS, Sahel states in deal to confront terrorism

June 20, 2025
Next Post
Rice farmers from poverty to wealth

Lack of equipment hinders rice production in Rivers

Nigeria establishes cottage poultry processing facility to transform livestock

We are losing our poultry to excess heat –farmers

Recommended Stories

NSIA, Agency in deal on solar power

Solar hybrid power plant ready soon

April 7, 2022
Tinubu’s economic reforms encourage investment – UK

Tinubu urges sacrifice to achieve Nigeria’s restoration

October 21, 2023
Osinbajo briefs Buhari on economic plan

Buhari approves formation of infrastructure firm with N1trn

February 12, 2021

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
  • Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us