As the Federal government seeks to diversify the economy and prioritize agriculture, The Nigerian Senate has said there is an urgent need to give more attention to the palm oil industry.
Reviving the palm oil industry was a focal issue on the floor of the Senate yesterday, Tuesday.
The motion which titled “Urgent need to revive the Palm Oil Industry in Nigeria” was sponsored by Imo East Senator Ezenwa Onyewuchi. The motion seeks to take the country back to the 1950s and 60s when palm oil was a major export product.
In their submissions, a cross-section of the senators lamented the general state of neglect of the agricultural sector, a factor that is largely responsible for the utter neglect of key agricultural research institutes.
On his part, the Senate President, Ahmed Lawan, said it is imperative that Nigeria take advantage of the potential in the oil palm industry, stressing the need to task the ministries of agriculture among others to act accordingly.
The Senate therefore urged the Federal Government to accelerate its policies on diversification of the economy and support improved production of palm oil both for export as well as for domestic use.
It also called on the government to revive the moribund Nigerian Institute for Oil Palm Research [NIFOR], in Benin to improve investment in research and production of quality oil palm seeds.