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Nigeria loses out on $62bn global annual palm oil market

palm oil

Myriads of downturns have hindered Nigeria from gaining a substantial share of the global oil palm industry now worth $62 billion annually, casting doubts on government’s ability to grow non-oil revenue. Nigeria’s oil palm industry’s contribution to global market share is a meagre 1.40 percent as of 2018, according to data from United State Department…

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