Nigeria’s push to rebuild its palm oil industry through backward integration is facing its most serious test in more than a decade, as import waivers and cheaper foreign oil trigger a price crash that producers say could stall new investments and weaken rural employment.
After years of expansion driven by the 2011 backward integration policy, large producers such as Presco and Okomu delivered record performances in 2025. Combined net profit nearly doubled to N201.64 billion, while revenue jumped 125 percent to N538.69 billion, supported by h
