Oil palm producers target N2 million yearly from free seedlings

The National Palm Producer Association of Nigeria (NPPAN) has unveiled plans to empower youths and women across 24 states of the Federation with free 20 oil palm seedlings.

However, The expectation of the beneficiaries is to start generating a minimum of N2 million yearly from each hectare of the

palm tree starting from the third year of planting over a period of 50 years.

Also, The aim of the association is to plant 10 million palm trees across the 24 oil palm producing states and to

achieve this, each household would be provided with 20 of its free seedlings.

The National President, NPPAN, Alphonsus Inyang, while speaking on activities of the association in Abuja,

solicited partnership from relevant youth and women organisations, urging them to be part of the 10 million

oil palm seedlings distribution programme.

According to Inyang, when planted, palm trees can be harvested up to 50 years as one hectare of palm trees

and a minimum profit of N2 million can be generated yearly from the third year.

He further mentioned that the expansion programme would set in motion, the economic prosperity of young Nigerians

and women in the development of oil palm plantations and estates across the country.”

Inyang however maintained that their plan is to empower and train youth organisations by providing them with

access to inputs, credit facilities and linking them with relevant government and development agencies to set them

on a journey of economic prosperity forever through the establishment of the oil palm estates or

plantations in their different states.

Finally, to resuscitate the lost fortune of the oil palm industry, NIPAN President called on development partners,

multilateral agencies, and development financial institutions to partner with the association in its expansion programme.

By Taiyelolu A

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