‘ISP launch to address challenges in oil palm, cocoa sectors’
The Incorporated Society of Planters (ISP) has said the launch of the association in Nigeria will address the issue of labour shortage in the country’s oil palm plantation sector, minimise operational cost and improve the yield of palm oil and cocoa.
This, it said, will increase the income of players, including the smallholder farmers.
Proterm Vice Chairman, Incorporated Society of Planters (ISP), Africa, Fatai Afolabi, stated this at a media briefing ahead of the launch of the Africa chapter of the association slated for May 24, 2024 in Abuja.
Afolabi added that the establishment of ISP in Nigeria will also help create an African hub as it will act as a regional organization. Nigeria is currently the fourth largest producer of cocoa globally.
He noted that the country cannot rely on planting materials and methods from 70 years ago while expecting results comparable to countries that use modern technologies and techniques.
While reiterating the need for the country to learn from countries such as Indonesia, Malaysia and Ireland, he said the launch of ISP will advance sustainable agriculture and foster collaboration among planters in the African continent.
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Speaking further, Afolabi noted that Nigeria’s Cocoa and Oil Palm production could contribute significantly to the nation’s Gross domestic product (GDP) if potentials of the industry were properly harnessed.
He noted that Nigeria, formerly the world’s leading cocoa producer, had slipped in the rankings due to neglect of the sector, particularly application of old age technologies and outdated farming techniques in the production processes.
Chairman, Incorporated Society of Planters (ISP), Africa, Shermal Perera, called on Nigerians to emulate the strides made by Malaysia in oil palm production.
While noting that Malaysia had at one time learnt from many African countries, he said the country is leading in oil palm production.
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