CLEAN : Nigeria battles to revive ailing palm oil sector

The video discusses the need for government assistance and capital in agriculture, highlighting challenges faced by local farmers in accessing Central Bank loans. It shares insights from an experienced individual in the cotton industry and the benefits of CBN loans for agro-processing companies. The video also addresses the oil production shortfall in the country, emphasizing the need for improvement and increased production.

What is the primary reason the speaker believes government assistance is necessary in agriculture?

• To improve international trade relations

• To reduce the cost of farming equipment

• To employ more workers and give back to society

• To increase the price of agricultural products

What issue do local farmers face with Central Bank loans according to the speaker?

• The loans are too small to be useful

• The application process is too complicated

• The interest rates are too high

• The loans are not reaching the local farmers

How has the speaker's company benefited from the Central Bank loan?

• By reducing operational costs

• By expanding their business operations

• By increasing their workforce

• By entering new markets

What is the speaker's experience in the cotton industry?

• 10 years

• 5 years

• 15 years

• 20 years

What percentage of oil production comes from smallholders according to the speaker?

• 50%

• 80%

• 70%

• 60%

What is the estimated annual shortfall in oil production mentioned by the speaker?

• 1 million to 2 million tons

• 500,000 to 1 million tons

• 1.5 million to 2.5 million tons

• 800,000 to 1.5 million tons

What is the speaker's view on the potential for growth in the oil sector?

• There is limited room for growth

• There is significant room for improvement

• The sector is already at its peak

• Growth is only possible with foreign investment