Unilever and PZ Cussons met with the NAGB (Nigeria Agribusiness Group) in order to explain why they sought permission to import palm oil from Malaysia despite the presence of local producers in Nigeria, according to a report produced by Naira Metrics.
The FMCG majors explained, in the presence of local palm oil producers Okumu and Presco that they require in the region of 5,000 tonnes of palm oil, whereas the combined output of the Okumu and Presco is just 800 tonnes.
“They need to import about 5,000 tonnes, but the little available is 800 tonnes. So, we asked the local producers how long it will take them to complement their 800 tonnes. They said six months. We then said okay, we will allow the importation for one year. Just improve on the local production,” Emmanuel Ijewere, NAGB Vice president told the audience in Crenov8 Consulting’s Meet the Farmers’ Conference, per Naira Metrics.