STAKEHOLDERS in the Palm Oil Industry, weekend, staged peaceful protest, to draw the attention of the Federal Government to some factors that militate against the development of the industry.
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Among the issues raised, according to the Vanguard's finding are: Waiver for importers, Tariff on importation, Development fund for palm oil industry, Infrastructure as well as Company Tax issues.
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The Leader of the Coalition of Oil Palm Stakeholders Association, Mr. Moye Ladoja at a Protest Visit to the Ministry of Agriculture and Rural Development in Abuja, said that importation of over 24,000 metric tons of Palm Oil, annually, to the country just by eight companies calls for concern.
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He maintained that massive importation of oil palm into the country under the ECOWAS Trade Liberation Scheme (ETLS) is a major threat to the huge investment of stakeholders, canvassing for strict application of 35% import duty to be carried out on palm oil importation to resuscitate the industry.