The Plantation Owners Forum of Nigeria, POFON has cautioned the Federal Government to be wary of some companies in Nigeria, which have begun trading in imported Crude Palm Oil, CPO, explaining that it had informed the Ministry of Agriculture and Rural Development about the threat that mass importation and dumping of CPO poses to the Agricultural Transformation Agenda, ATA of government.
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POFON also warned that any attempt to make the oil palm upstream value chain vulnerable would jeopardise the ATA, pointing out that there should be urgent government intervention, else, the country would stand to lose, when "CPO cabals emerge to take control and perpetuate the importation of palm oil in Nigeria."
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POFON in a communque, signed by its Executive Secretary, Fatai A. Afolabi, siad that after an extra-ordinary meeting at Presco Plc, Obaretin Estate, Edo State to deliberate on critical national issues relating to the oil palm industry.