National Economy
Tuesday, June 3, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Agriculture

Ogbeh Inaugurates Palm Oil Factory, Targets Export

by
5 years ago
in Agriculture, News
Reading Time: 1 min read
Share on FacebookShare on TwitterShare on Telegram

Chief Audu Ogbeh, former Minister of Agriculture and Rural Development, has inaugurated a 100-man capacity palm oil factory to satisfy both local and export demands.

Speaking in Abuja on Sunday, Ogbeh said the factory, located in Benue State would employ no fewer than 40 youths and 60 women in the state.

He noted that the factory would soon begin the production of lemongrass and eucalyptus oil which has very high demand in the pharmaceutical industry.

Ogbeh said he was now pushing and spreading the idea to many states including Adamawa, Taraba, Benue, Kogi, Kwara, Kaduna and Niger where palm trees grew very well so that governors and individuals could set up similar mills.

You May Like

As Experts Offer Solutions To Sustain Falling Food Prices

DBN Launches Green Declaration To Mobilise Green Finance

The former minister pointed out that many youths and women would be employed and generate revenue if the mills were set up in different states and local government areas.

“As an individual, I have always been a farmer. Apart from the fish, poultry and the cashew plantation, we are now going into palm oil and palm kernel oil production.

“We will very soon add the production of lemongrass and eucalyptus oil which have very high demand in the industry.

“Our factory for palm oil has just started off and the machines were built by an indigenous engineer who is making his machines in Niger and an indigene of Bayelsa State.

“We just finished our test run and we are producing very healthy oil using stainless steel,’’ he explained.

Ogbeh said that his farm had planted 5,000 palm trees and would plant additional 10,000 palm trees to facilitate the production of the oil.

He also appealed to governors and well-meaning Nigerians to set up the factories in their states to create employment for the teeming youths and generate revenue for the peace and stability of the country’s economy.

 

 

Tags: exportpalm oil
ShareTweetShare
Previous Post

NIMASA Tasks Nigerians On Vast Opportunities In Maritime Industry

Next Post

Imperatives Of CBN ANCHOR Borrowers Scheme

ANOTHER GOOD READ

As Experts Offer Solutions To Sustain Falling Food Prices
Agriculture

As Experts Offer Solutions To Sustain Falling Food Prices

24 hours ago
DBN Launches Green Declaration To Mobilise Green Finance
News

DBN Launches Green Declaration To Mobilise Green Finance

1 day ago
Unlocking Power Of Diaspora Remittances For Economic Growth
Business

Unlocking Power Of Diaspora Remittances For Economic Growth

1 day ago
Experts Debunk Myths, Promote Facts At Immunisation Webinar
News

Experts Debunk Myths, Promote Facts At Immunisation Webinar

1 day ago
JUST-IN: Tinubu Inaugurates New NNPCL Board
News

Tinubu Warns Developers Against Encroaching On Federal Gov’t Setbacks

1 day ago
NDLEA Removes Husband Approval Requirement for Visa Applications
News

NDLEA Busts Syndicate Sponsoring Pilgrims With Cocaine To Hajj

1 day ago
Next Post

Imperatives Of CBN ANCHOR Borrowers Scheme

Most Recent

5 Unicorns In 9 Years, Who Does That?

5 Unicorns In 9 Years, Who Does That?

June 2, 2025
Guinness Record: Ali Seeks Gov Eno’s Support For World Title Fight

Guinness Record: Ali Seeks Gov Eno’s Support For World Title Fight

June 2, 2025
2026 World Cup Could Change Football Experience – Neymar

2026 World Cup Could Change Football Experience – Neymar

June 2, 2025
2025 National Sports Federations’ Board Elections: NSC Unveils Timeline Proposed Timelines For 2025 National Sports Federations’ Elections

2025 National Sports Federations’ Board Elections: NSC Unveils Timeline Proposed Timelines For 2025 National Sports Federations’ Elections

June 2, 2025
NSF 2024: Team Delta Wins Women’s Football Gold

NSF 2024: Team Delta Wins Women’s Football Gold

June 2, 2025
As Experts Offer Solutions To Sustain Falling Food Prices

As Experts Offer Solutions To Sustain Falling Food Prices

June 2, 2025
Diversifying Investment Portfolio, Infrastructure Development Via Sovereign Sukuk

Diversifying Investment Portfolio, Infrastructure Development Via Sovereign Sukuk

June 2, 2025
Delta Govt Vows To Keep Investing In Tertiary Institutions

Delta Govt Vows To Keep Investing In Tertiary Institutions

June 2, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy