Stakeholders list ways to revamp economy

By Fatima Muraina


The Federal Government has been charged to adopt Production, Processing, Marketing,Technology and Development tagged “PPMTD Model” in order to revamp the economy.

The model is said to be an award winning one which was alluded to by international development partner.

This was the submission of stakeholders at a one-day interactive meeting to harvest  inputs of stakeholders in the oil palm value chain on the need to revitalize and reposition the sector.

The National President, National Palm Produce Association of Nigeria (NPPAN) who was represented by the National Vice President, Harrison Okpamen called for the adoption and implementation of the strategic plan on oil palm sector development designed to make Nigeria a net exporter of palm oil in the next five years.

He expressed the readiness of NPPAN to collaborate with government, development partners and the private sector  to reposition the nation and restore her lost glory as the highest producer of oil palm.

Permanent Secretary, Federal Ministry of Industry, Trade and Investment, represented by Princess Toyin Johnson Akeredolu, affirmed the importance of the sector which she said could create several millions of jobs.

She reeled out several things to put in place including embracing modern agricultural practices, exploring and implementing environmental friendly practices that minimizes the ecological footprints.

The immediate past Special Assistant to Governor Oluwarotimi Akeredolu who also doubles as the coordinator of the Red Gold project, Pastor Akin Olotu harped on the need to restructure the Bank of Industry so that regional offices can be strengthened to release loans.

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Olotu who called on the President to emulate Ondo state project on oil palm, said adopting production was the only way out rather than being theoretical.

Dr Emmanuel Awelewa  stressed the need for reorientation of the old farming practices and climate change for people to embark on sustainable and climate smart oil palm production system.

Asoju Oba, Mr Henry Olatujoye who observed underfunding of NIFOR, said that the solution is  to give them fund to restart or be handed over to stakeholders if government cannot fund them.

Mr Damilare Onasanya, called on stakeholders to leverage on the power of their number and existing big players to be able to attract finance from developmental institutions as well as  banks.

 Ondo State Chamber of Commerce , Industries, Mines and Agriculture represented by its Vice President, Lanke Bakare, clamoured for the provision of required mill to help harness all resources in place.

The Chairman of Governing Board of the Red gold project, Chief Abiodun Adejo reiterated that palm plantation can feed Nigeria, noting this could be achieved if the industry is developed.

He said government should give them a standard mill at the three senatorial districts .

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