The Minister for Agriculture, Alhaji Mohammed-Muniru Limuna, has stated that government considers the palm subsector as one of the critical real sectors of the economy within the agricultural portfolio.
This, he said, stems from the nation’s comparative
advantage in the production of the fruit, which could go a long way in
supporting government's programme of economic diversification.
He made this known at the reconstituted Board of the
Twifo Oil Palm Plantation Limited’s (TOPP) official inauguration, which it is
the highest shareholder with its proportion standing at 80.46% of the total
company shares.
The inauguration of the Board is in line with
government’s commitment to commence a new initiative in Palm Plantations as
contained in the President’s State of the Nation Address (SONA) of 2016.
Alhaji Limuna, who is also serving as the Board Chairman,
admonished the new board to eschew unnecessary hesitation in execution of the
company’s programmes; and urged them to endeavour to work diligently and
efficiently toward realising government’s goals for the palm subsector.
He pledged to establish an Oil Palm Development Board,
an initiative that holds potential of transforming the palm subsector.
TOPP currently produces 15,000mt of palm oil and 3,500mt
of palm kernel. It also covers over 10,000 acres of nucleus palm plantation.
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