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MANUFACTURINGNEWS

Ministry of Trade and Investment to Revamp Oil Palm Industry

In an effort to revamp the Oil Palm Industry, the Miistry of Industry, Trade and Investment has said that tit will partner with the Oil Palm Industry in order to develop a  holistic and integrated policy that would fast-track the growth and development of the sector.

The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said this during a meeting with the Plantation Owners Forum of Nigeria (POFON), National Palm Produce Association of Nigeria, and Vegetable and Edible Oil Processors Association of Nigeria, in Abuja recently.

Aganga said, “No nation has developed from being a poor to a rich nation by relying heavily on producing and exporting its raw materials without a vibrant and robust industrial base and services sector.

“Our country is blessed with abundant human and natural resources to become a great nation in no time especially, given the ongoing transformation and reforms being carried out by President Goodluck Jonathan’s administration.”

The minister stressed that the government places high premium in converting raw materials into finished products through value addition, adding that the Ministry of Industry, Trade and Investment was partnering the manufacturing sector to remove barriers to increased productivity in order to increase the capacity utilisation of the real sector in order to create jobs and generate wealth the country.

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