Nigeria Spends ₦23 Billion Importing Crude Palm Oil

Nigeria spent ₦23 billion importing crude palm oil from other West African countries within a three‑month period, according to trade data.

The imports highlight the country’s continued reliance on regional supplies despite having vast agricultural potential to meet domestic demand.

Industry analysts say the expenditure reflects gaps in local production capacity and rising consumption needs.

Officials have noted that boosting palm oil output remains critical to reducing import dependence and strengthening Nigeria’s agro‑industrial sector.

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