The Oil Palm Growers Association of Nigeria (OPGAN) has shown concern over low palm oil production quality experienced by palm oil farmers in Nigeria due to a lack of palm oil processing machine.
The Oil Palm Growers Association of Nigeria, National President Mr. Igwe Uche said that palm oil produced in Nigeria is not willingly received and accepted by exporters in the international palm oil market owing to Nigerian poor palm oil quality.
The National President of Oil Palm Growers Association of Nigeria stated that the association has reached the Central Bank of Nigeria (CBN) for loan support and has attained all-important requirement and documentation expected from them by the CBN to have the fund for 2020 planting season, but the Central Bank of Nigeria has not responded to granting the loan.
He added that some of the members of the association have purchased the palm oil processing machines but are still waiting for CBN to grant them a loan to start this year’s production.
He further stated that challenges encountered by farmers include collateral issues demanded by the CBN. He stated that the Central Bank of Nigeria and OPGAN have agreed that any land farmers use for planting would be used as collateral.
The OPGAN National President urged the Central Bank of Nigeria to quickly respond to their need by granting the loan to commence this year’s planting process before the time farmer could not plant anymore due to limited rain.