VOICED : Nigeria battles to revive ailing palm oil sector

The video discusses the challenges faced by the palm oil industry in Acoma, Nigeria. Once a major producer, Nigeria now imports palm oil due to industry collapse. The government is investing in reviving the sector, but local farmers feel left out as benefits seem to favor large companies. Despite global criticism for deforestation, smallholders rely on palm oil for their livelihood, producing 70% of Nigeria's output. They urge the government to provide more support.

What is one of the main challenges faced by local farmers in Acoma, Nigeria?

• Lack of interest in farming

• High cost of capital

• Excessive government support

• Overproduction of palm oil

What is the Nigerian government doing to help revive the palm oil industry?

• Banning palm oil imports

• Subsidizing small farmers

• Reducing import tariffs

• Providing loans to large companies

Why are small farmers unhappy with the current government scheme?

• It limits their production capacity

• It forces them to sell their land

• It only benefits large companies

• It increases their taxes

What is a major global criticism of the palm oil industry?

• Low employment rates

• Lack of innovation

• Deforestation

• High production costs

What percentage of Nigeria's palm oil output is produced by smallholders?

• 50%

• 90%

• 30%

• 70%