CBN committed N30bn to boost oil-palm production — Emefiele

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The Central Bank of Nigeria (CBN) says it has committed about N30 billion to enhance Oil-palm production in the country.

The CBN Governor, Mr Godwin Emefiele, disclosed this in a meeting with some state Governors in Abuja on Thursday.

Emefiele explained that the fund was disbursed through deposit money banks to six oil palm companies to support their expansion programmes.

He said that the companies were PZ Wimar, Biase oil company ltd, Eyop, Okomu Oil company, Presco oil company and SIAT ltd adding that application for Ada Palm Imo State, was being expected.

Continue reading CBN committed N30bn to boost oil-palm production — Emefiele at Vanguard News.