Nigeria's palm oil revival: Can CPOPC support slash $600M import costs?

Nigeria once led the world in palm oil production but now spends $600 million each year on imports to meet demand. Despite producing 1.57 million tonnes in 2025, the country still faces a supply gap of over 1 million tonnes. The Council of Palm Oil Producing Countries (CPOPC) has now pledged stronger support to help Nigeria cut oil imports and boost local output.

Nigeria was once a top global producer of palm oil before Southeast Asian nations took the lead. Today, it remains one of Africa's largest producers but struggles with self-sufficiency. Over 80% of its output comes from smallholder farmers using outdated techniques, resulting in low yields and inefficiencies.

The CPOPC has reaffirmed its commitment to deepen cooperation with Nigeria. Full membership could bring access to better technologies, training for farmers, and high-yield planting materials. This support aims to improve productivity and strengthen the entire value chain.

With Nigeria importing over 1 million tonnes annually, the CPOPC sees an opportunity to reduce reliance on foreign supplies. The organisation is ready to assist in building a more competitive and sustainable palm oil sector. Closer collaboration could help Nigeria narrow its supply gap and cut the $600 million spent on oil imports each year.

Nigeria's palm oil industry stands to benefit from stronger ties with the CPOPC. Improved farming methods and technical support could lift production and reduce dependence on oil imports. The move may also enhance food security and strengthen the country's position in the global market.