Akwa Ibom State has announced plans to invest ₦31 billion (about $20.2 million) in its palm oil sector starting in 2026. The initiative is designed to strengthen the state’s agricultural output and reduce Nigeria’s reliance on palm oil imports.
The funds will be used to distribute improved, high-yield seedlings to farmers, expand plantation areas, and provide extension services to enhance productivity. In addition, the government will establish a palm oil council to coordinate development, streamline operations, and promote better market access for local producers.
Nigeria, one of Africa’s leading palm oil producers, still imports nearly 25% of its annual demand of 2 million tonnes due to production shortfalls. Akwa Ibom’s initiative aligns with the broader National Palm Oil Development Strategy led by the Oil Palm Growers Association of Nigeria (OPGAN), which seeks to replant 1.5 million hectares of oil palm across 27 states by 2030.
This investment underscores Akwa Ibom’s commitment to agricultural growth, job creation, and strengthening food security while contributing to Nigeria’s long-term goal of achieving self-sufficiency in palm oil production.
