• 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

Foreign firm targets investment in oil palm, cashew processing

Oil palm

The Matters Press by The Matters Press
August 11, 2022
Reading Time: 2 mins read
0
Buhari moves against palm oil importers

Palm oil

Pet Agro Farms,a Nigerian-based foreign firm, says plans are on to invest about N150 million in Nigeria via production and processing of oil palm, cashew, and other agricultural production .

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

The agro-firm said the initiative had become imperative in order to target the foreign market and earn forex into the country during the ongoing forex crisis in the country.

Ms Rehab Danladi, Director, Pet Agro Farm, said on Wednesday in Abuja that the farm was looking to start up with 40 plots of land in Kogi.

“We are already working closely with the Bank of Industry for the local market production while talks are already ongoing with the NEXIM Bank to finance export .

“There is need for us to go to backward integration now, enough is enough for import,while we process , 80 per cent will be going into the export market, while 20 per cent will be for the local market.” she explained.

According to the Director, it’s all about value-chain, as even wastes from these products from palm kernel, soya bean and others can be converted to poultry feeds that will also boost poultry Farming

Ms Dalandi said the investment would help Nigeria to reclaim its position as a leading global palm oil and cashew producer.

“Currently, the total production of raw cashew in Nigeria is about 1.4 million metric tons annually, which is far from the country’s potentials of over 10 million tons.

“The initiative she said, will contribute to the country’s agricultural industry and provide employment opportunities to the Nigerian youths’ while ensuring sustainable wealth creation through farming and education on good investment,” Ms Dalandi said.

She added that the firm would be buying seedlings from the farmers and would also provide hybrid seeds to help farmers scale up their productivity.

Nigeria is the 7th largest producer of palm kernel and palm oil in high demand globally but can only get FOREX for Nigeria if maximally harnessed and exported.

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
Oando vows to challenge SEC’s ruling on audit

Shareholders reinforce confidence in Oando management

Nigeria suspends mining in Zamfara

Illegal mining irks South Africa lawmakers

Recommended Stories

Free public transportation for retirees begins in Lagos

Life expectancy rate increases in 2015 to 2022 – NBS

December 13, 2023
Africa’s remittance inflows hit $72b

Economic council says Excess crude account $474,000

August 18, 2023
Infrastructure gulp N2,7tn in Nigeria

Nigeria hands over Lagos-Calabar Coastal road project site to Hitech Construction

March 8, 2024

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