Tuesday, April 19, 2016

‘Oil palm subsector is critical to economy’


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.

No comments:

Post a Comment