Nigeria is the 5th largest producer of palm oil in the world and the largest in Africa. Palm produce especially oil and kernel used to contribute highly to the Gross Domestic Product before the discovery of crude oil in Nigeria. It used to be one of the mainstay of the nation’s economy. With a well-developed palm oil industry, Nigeria can export the product and earn foreign exchange which will be a boost to her economy diversification policy. Palm plantation is expected to increase annually in Nigeria in the next 5-7 years to achieve the over 3,000,000 hectare of land experts say would lead to her self-sufficiency in oil palm and allied products production to meet demands..
All doors of business in the industry need to be opened more to attracting the much needed investments and expertise from the private and public sectors in Nigeria and overseas. To enhance this, the Palm Produce and Technology Expo and Conference [PALMTECH] which is an annual gathering and market place for local and international manufacturers & suppliers to showcase their latest produce, technologies and machinery to targets provides a unique forum for stakeholders in the industry to interact; as well as to constantly sensitize the government on the need to create enabling environments for the development of the sector; amongst other core objectives. The Expo and Conference is a strategic business platform for increased interactions by global players in the sector for more, marketing, educational and networking activities to boost businesses. It is also a major gateway to entering, maintaining and increasing the visibility of the global stakeholders to the Nigerian in particular and African markets in general.
The Expo is designed to amongst others:
- Attract experts and operators in the palm produce/services and allied industries worldwide to showcase latestequipment, machinery, facilities, systems, innovations and management solutions which can be effectively harnessed to develop the sector and boost businesses.
- Offer immense opportunities for networking and business expansion and widening of operational scope for global players in the sector by serving as gateway to the largest palm oil/produce market in Africa
- Provide an annual forum for operators and stakeholders in the industry to be constantly updated with latest technological/management trends and as such, present an opportunity to review policies and programme implementation strategies to keep the industry in tow with the developmental needs of Nigeria
- Promote the policy of public-private sector partnership in developing the sector to enhance socio-economic development. It also serves to provide a unique forum for stakeholders from both sides to exchange ideas.