President Goodluck Jonathan of Nigeria has declared open the 1st International Palm Produce Conference (IPPC) in Uyo, Akwa Ibom State, Southern Niegria with a call on stakeholders in the sector to explore available investment opportunities in the palm produce industry in Nigeria. The 3-Day conference which was jointly organized by the Country's Federal Ministry of Industry, Trade and Investment and the Federal Ministry of Agriculture and Rural Development in collaboration with the National Palm Produce Association of Nigeria (NPPAN) has as its theme: "Investment in Oil Palm and Its Derivatives - A Panacea for Economic Growth and Sustenance." In his address read by the Minister of State for Industry, Trade and Investment, Samuel Ortom, President Jonathan pointed out that the aim of the landmark conference was to bring together global stakeholders to share ideas on new technological development and ways of improving the quality and availability of palm produce. This, he said is to maximize the growing investment opportunities in both domestic and international palm produce trade as well as to utilize the investment-friendly climate and the incentives put in place by the present administration. He expressed satisfaction with the timing of the conference, saying it held at a time when the government has established the necessary policies towards creating the enabling environments and frameworks for sustainable businesses and economic growth in agricultural produce such as oil palm in which the country has significant comparative advantage. President Jonathan identified the stimulus for the creation of over 3.5 million jobs along the agriculture value - chains; noting that his government has recognized oil palm as one of the important commodities and key drivers to promote and has intensified efforts to provide enabling environments for accomplishing this task. In the address, the President pointed out that Nigeria is an oil palm producing nation and was a foremost producer and exporter especially in the fifties and sixties when the nation dominated the palm produce industry and became world largest producer and marketer between 1961 and 1965. He added that the country as at then contributed an average world production share of 39 percent. He however, regretted that the Government allowed this position to slip away from the country.Sunday 8 December 2013
President Jonathan of Nigeria Opens International Palm Produce Conference
President Goodluck Jonathan of Nigeria has declared open the 1st International Palm Produce Conference (IPPC) in Uyo, Akwa Ibom State, Southern Niegria with a call on stakeholders in the sector to explore available investment opportunities in the palm produce industry in Nigeria. The 3-Day conference which was jointly organized by the Country's Federal Ministry of Industry, Trade and Investment and the Federal Ministry of Agriculture and Rural Development in collaboration with the National Palm Produce Association of Nigeria (NPPAN) has as its theme: "Investment in Oil Palm and Its Derivatives - A Panacea for Economic Growth and Sustenance." In his address read by the Minister of State for Industry, Trade and Investment, Samuel Ortom, President Jonathan pointed out that the aim of the landmark conference was to bring together global stakeholders to share ideas on new technological development and ways of improving the quality and availability of palm produce. This, he said is to maximize the growing investment opportunities in both domestic and international palm produce trade as well as to utilize the investment-friendly climate and the incentives put in place by the present administration. He expressed satisfaction with the timing of the conference, saying it held at a time when the government has established the necessary policies towards creating the enabling environments and frameworks for sustainable businesses and economic growth in agricultural produce such as oil palm in which the country has significant comparative advantage. President Jonathan identified the stimulus for the creation of over 3.5 million jobs along the agriculture value - chains; noting that his government has recognized oil palm as one of the important commodities and key drivers to promote and has intensified efforts to provide enabling environments for accomplishing this task. In the address, the President pointed out that Nigeria is an oil palm producing nation and was a foremost producer and exporter especially in the fifties and sixties when the nation dominated the palm produce industry and became world largest producer and marketer between 1961 and 1965. He added that the country as at then contributed an average world production share of 39 percent. He however, regretted that the Government allowed this position to slip away from the country.
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