Worried about 55 per cent importation
of the total volume of palm oil consumed in Nigeria, the Mike Omotosho
Foundation has established a N2 billion palm plantation in Kwara State.
Founder and initiator of the project,
Dr. Mike Omotosho stated this weekend in Abuja while briefing
journalists ahead of the forthcoming annual lecture of the foundation,
themed; ‘Increased Agricultural Productivity for Sustainable Economic
Growth.’
Omotosho revealed that the His Imperial
Majesty, Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II would give
the keynote address at the annual lecture which is coming up on
Saturday, January 14, 2017.
He noted that with the economic
recession, dwindling in prices of oil, it was high time government
start to look elsewhere. He added that while government is on the right
track in terms of agricultural policies, he believed government has not
done enough, hence, the reason while private individuals like himself
are now taking interest in agriculture.
Omotosho stated that the foundation
aside from organising annual lecture has a 15,000 hectares of farmland,
out of which 300 hectares has been cultivated and presently being used
as demonstration farm.
“We also have an agricultural academy so
people can come in and learn about agriculture. We want to use that as a
pilot and then we can replicate the demonstration farm with the
agricultural academy. So far, over 500 people have being trained and we
are hoping we glare going to increase this to about 50,000 next year
because it is still at the pilot stage,” he said.
Adding that; “Right now 55% of oil palm
we use in Nigeria is imported. What we are hoping for is N2 billion
worth of palm plantation because we have plans to set up Africa largest
palm plantation and that is what 12,000 hectares of land is meant for.”
According to Omotosho, if Nigeria
become Africa largest producer of palm, not only would the country have
enough to consume, but also to export.
“I see a situation where we will begin
to export palm between 5-6 years. Just because we have 15,000 hectares
of land does not mean we are not planning to expand beyond that,” he
stated.
While explaining why he allotted 12,000
hectares of farmland to palm plantation alone, he emphasised that; “the
palm tree is one of the agricultural commodity that every part of it is
useful for something, is just that the oil appears to be the one with
highest economic value and once you start a farm plantation.
“Subsequently, once it begins to produce
within three to five years it can continue producing between 25 to 200
years, it is not like a cash crop maize that you plant this year, you
harvest next year and is gone. So, if you truly wants something
sustainable you have to be looking into the future,” Omotosho said.
He also revealed that the foundation
would not just be producing the palm and sending away, but it would
also have mills of the farmland to process the palm oil, stressing that
within the next 5-7 years that the foundation should be able to provide
jobs for 15,000 people working on the farm.