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During its existence, the oil palm produce board transferred funds to the regional production and development company for the establishment of pioneer oil mills. [ 3 ] An adoption and implementation of a new constitution in 1954 created the Eastern Region Marketing Board which acquired most of the assets of the Nigeria Oil Palm Produce ...
In colonial era, integration of Nigeria into the world economy was driven by the production of cash crops such as palm oil, cocoa and groundnut and the initial official intervention programmes concentrated on cash crops. [2] A resulting interest in innovation and entrepreneurship helped increase production of such crops. [3]
Palm oil block showing the lighter color that results from boiling. Palm oil is an edible vegetable oil derived from the mesocarp (reddish pulp) of the fruit of oil palms. [1] The oil is used in food manufacturing, in beauty products, and as biofuel. Palm oil accounted for about 36% of global oils produced from oil crops in 2014. [2]
Daily oil consumption by region from 1980 to 2006. This is a list of countries by oil consumption. [1] [2] In 2022, the International Energy Agency (IEA) announced that the total worldwide oil consumption would rise by 2% [3] year over year compared to 2021 despite the COVID-19 pandemic. [citation needed]
In Nigeria, the institute with information about oil palm is the Nigeria Institute for Oil Palm Research. The formal mandate of the institute is to conduct research into the production and products of oil palm and other palms of economic relevance and transfer its research findings to farmers. [62] As of 2023, Edo state holds the top position ...
Anyama Town, also known as Anyama-Ogbia or the Kingdom of Anyama-Ogbia, is a historic ijaw town with origins dating back to the 17th century. [2] [3] Founded in 1655 [4] by Adih, a successful fisherman and trader, the town became an important center for commerce, dealing in seafood, palm oil, and other goods.
In the 19th century, Britain was interested primarily in opening markets for its manufactured goods in West Africa and expanding commerce in palm oil. Securing the oil and ivory trade required that Britain usurp the power of coastal chiefs in what became Nigeria. That was an unplanned consequence of the creation of the Sokoto Caliphate in 1804.
Palm oil was used locally for cooking, the kernels were a source for food, trees were tapped for palm wine, and the fronds were used for building material. It was a relatively simple adjustment for many Igbo families to transport the oil to rivers and streams that led to the Niger Delta for sale to European merchants.