Nigerian Agricultural Sector Update – 2022 The Oil Palm Industry

For most key crops (such as cotton, groundnut, and oil palm), Nigeria’s share of global production has remained low since the 1960s. Particularly for Crude Palm Oil (CPO), the country’s share of global oil palm production has declined significantly from 42.79% in 1966 to a mere 1.77% in 2021.
Oil palm production growth in Nigeria has become weak due to several factors which include inadequate farm holdings stemming from the land tenure system, poor infrastructure, insufficient finance, poor access to fertilizer, and low crop yields, as smallholder farmers account for 80% of total oil palm production.
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