ECOWAS Commission's Director of Customs, Union and Taxation, Salifou Tiemtore, has lamented that West African countries are not producing enough palm oil to meet members' needs. He disclosed this while speaking to journalists on the sideline of the meeting on the free movement of palm oil under the ECOWAS preferential tariff regime - ECOWAS Trade Liberalization Scheme (ETLS), in Abuja on Tuesday.
ECOWAS Commission's Director of Customs, Union and Taxation, Salifou Tiemtore, has lamented that West Africa n countries are not producing enough palm oil to meet members' needs. He disclosed this while speaking to journalists on the sideline of the meeting on the free movement of palm oil under the ECOWAS preferential tariff regime - ECOWAS Trade Liberalization Scheme ( ETLS ), in Abuja on Tuesday.
Tiemtore said:"Let me tell you the truth, till now, with the statistics we have, we still need to import palm oil. What we are producing is not enough for our own consumption. "If you take a country like Nigeria, it has the capacity to double its production in terms of palm oil but we need to put in place some incentives so that through ECOWAS ETLS Nigeria can cover the Nigerian market and also go beyond the Nigerian market." He said the region has the potential to meet the needs of member states if support were given to entrepreneurs to expand production and take advantage of the ECOWAS ETL
ECOWAS Palm Oil West Africa Production Import Market Entrepreneurs ETLS
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
West Africa: Ecowas Lifts Sanctions On Guinea, Mali, Niger, Burkina FasoThe Economic Community of West African States (ECOWAS) has lifted the economic sanctions imposed on Niger, Mali and Burkina-Faso.
Read more »
West Africa: Ecowas Engaging Third Parties to Resolve Dispute With Mali, Niger, Burkina FasoThe Economic Community of West African States (ECOWAS) has said it is involving third parties to resolve its differences with three 'important members' - Mali, Burkina-Faso and Niger - who have indicated their interest in leaving the bloc.
Read more »
South African Electoral Commission's budget cut while more money allocated to political partiesThe President Cyril Ramaphosa administration has decided to cut the budget of the Electoral Commission of South Africa (IEC) in the run-up to an election year. However, more money has been allocated to political parties, raising concerns about the future of local government elections in 2026.
Read more »
African Union Commission calls for action on conflicts in the continentThe chair of the African Union Commission (AUC) has called on leaders to tackle conflicts in the continent, and condemned a series of coups in some African countries. Wars in Sudan and Democratic Republic of Congo are at the top of the African bloc's agenda. Other key topics include the conflict between Israel and Hamas, poverty, climate change, and education.
Read more »
Niger: Ecowas Prepares to Lift Sanctions on NigerAccording to information from Jeune Afrique, regional organization Ecowas will lift the economic sanctions on Niger 'soon' - a decision made after the coup on July 26, 2023, by General Abdourahamane Tchiani against elected president Mohamed Bazoum.
Read more »
ECOWAS adopts soft approach on Senegal amid cracks in regional blocComing just weeks after Burkina Faso, Mali, and Niger pulled out of ECOWAS, the regional bloc is now treading carefully so as not to lose Senegal, but how effective will this approach be?
Read more »