The Nigerian Institute For Oil Palm Research – NIFOR has signed a Memorandum of Understanding – MoU with Singapore’s PZ Wilmar to boost palm oil production through research and human capacity building in Nigeria.
The MoU signing event which took place on Friday September 9, 2016, was witnessed by the Minister of Agriculture and Rural Development – Chief Audu Ogbeh at the Ministry’s headquarters in Abuja.
Speaking at the event – Executive Director, NIFOR – Dr Omorefe Asemota described the MoU signing as a milestone for the palm oil industry in the country considering the position of PZ Wilmar as one of the largest companies in the Singapore Exchange and a major stakeholder in the development of the agricultural sector. Dr. Asemota expressed the optimism that the agreement would attract more investors and help build a stronger research base and technology input.
“We are very pleased that after the long discussions we have had with PZ Wilmar, we are able to reach this understanding. We expect this relationship to transform into higher yields and productivity; and in the medium term benefit the people and boost the nation’s economy. We look forward to a very bright future”, Dr. Asemota stated.
According to Mr. Kola Jamodu, Chairman – PZ Wilmar, the MoU is aimed at sharing knowledge with NIFOR and transmitting same unto other farmers to provide employment opportunity for the teeming unemployed youths across the country, adding that the MoU would also promote research to help Nigeria regain its prime position in Palm oil production in the World.
Jamodu disclosed that the company had already begun work at its three locations covering about 30, 000 hectares of land across the country, and that the first sets of fruits were being expected for harvesting.
The Hon. Minister of Agriculture – Chief Audu Ogbeh commended the initiative: “We are very proud of you. We are looking beyond attaining self-sufficiency in Palm oil production and looking at meeting the demand of the rest of the world soon. We did it before but lost our position due to lack of seriousness. We can do it again”. The Minister pledged the ministry’s support to ensure that the project succeeds.
Agrobusinessngr.com is Nigeria’s premier national magazine on agriculture and its related businesses. To fight poverty, hunger and starvation, by encouraging more Nigerians to engage in the business of food production.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.