Support oil palm research, Presco MD urges govt
Written by on June 7, 2022
The Managing Director, Presco Plc, Mr Felix Nwabuko, has urged government agencies to support oil palm research to boost export and economic development.
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.
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.
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