Agriculture
Exploration of Palm Oil Will Increase Sector’s GDP – Expert
An agriculture investor, Mr Leke Oluwatosin, says exploring palm kernel oil processing will boost the sector’s contributions to the country’s Gross Domestic Product (GDP).
Oluwatosin, the Chief Executive Officer of LSX Integrated Agro Processing, disclosed this in an interview on Monday in Lagos.
He also harped on the viability of palm oil and its derivatives value chain in increasing the country’s agriculture revenue.
“The choice of oil palm cultivation is based on the viability and lucrative nature of the produce. In the U.S., it costs more to buy palm oil than any other oil variety.
“The export potential of oil palm, its derivatives and the entire value chain are very essential to everything we use on a daily basis.
“This means that any country that cultivates and produces oil palm will earn more revenue, create jobs and improve the GDP of the country.
“Nigeria used to be an oil palm production and export giant; we need to go back and explore the potential of the sector for the next generation.
“Our investments in the palm kernel oil processing is based on the fact that we are not producing enough of this liquid gold.
“It is disheartening that Nigeria still imports palm oil and some of its derivatives. We still bring it in from Malaysia and Indonesia. It is really an irony,” he told NAN.
Oluwatosin also reiterated the importance of palm oil as essential product in the production cycle of cosmetics and soap companies.
He explained that mesocarp (the outer skin) of the oil palm produce red palm oil while the seed inside the kernel produce the palm oil.
“When the seed is crushed, it produces palm oil, and it has so many uses in cosmetics, industrial application, edible oils, soaps and many others.
“Also, from the crushed seed after extracting the oil, we get the palm kernel cake.
“We have so many soap manufacturers who demand palm kernel oil as major component for soap production hence its viability.
“The palm kernel cake is then used primarily in the production of animal feed like poultry, piggery, livestock, etc.
“The palm kernel cake is a great source of protein for the livestock feed,” Oluwatosin said.
He noted that the reason oil palm sector was not living up to its potential was due to challenges in the country like inadequate power supply.
“Some of the machines we are using in processing the palm kernel oil require consistent electricity.
“Due to the inability to harness adequate power supply, most people in oil palm sector would just stop at cultivation and harvesting without adding value to the produce.
“We want to change the narrative by playing a big part in ensuring the value chain of the sector is thriving,’’ he added.
NAN reports that LSX Farms and Integrated Agro-Processing Company is a multi-enterprise agro-business founded in 2019.
It focuses on the establishment of oil palm, coconut, and cashew plantations.(NAN)
Agriculture
Residents Groan Under Rising Tomato Prices, Seek Alternatives
Some residents in Lagos State have expressed concern over the recent surge in the price of tomatoes, forcing many households to adopt alternatives.
The residents made their views known in separate interviews on Wednesday in Lagos.
A market survey showed that a 50kg basket of tomatoes now sells between N115,000 and N125,000, compared to between N35,000 and N40,000 recorded last month.
Olachi Igwe, a resident of Ago Palace, said the scarcity and high cost of tomatoes had disrupted her household’s meal plans.
“I contacted my usual vendor, but she said tomatoes were scarce and difficult to source.
“A small bowl we used to buy for between N3,500 and N4,000 now sells for as high as N6,000 to N7,000, when available.
“For now, my family will resort to palm nut stew (ofe akwu) until prices stabilise,” she said.
Another resident, Mercy Okeleye of FESTAC, said although her family prefers fresh tomatoes, rising prices have forced her to consider cheaper options.
“I cannot do without fresh tomatoes because of the taste, but I may have to buy broken ones, popularly called ‘esha’, which are relatively cheaper.
“I do not consider tomato paste a suitable substitute because it is not purely made from tomatoes,” she said.
Also speaking, Tope Babalola from Dopemu, said she might adjust her cooking methods if prices remain high.
“I have not bought tomatoes in over a month, but if the price is still high, I will use more onions and peppers.
“I will not resort to artificial additives; I prefer natural ingredients for my meals,” she said.
Joan Ogugua, another resident, said she had already switched to tomato paste to cope with the situation.
“I asked my son to buy tomato paste for our meals. I cannot justify spending excessively on fresh tomatoes when other basic needs must be met,” she said.
Also, Oge Ugwu, a civil servant at Lekki, said she would resort to cucumber stew with the recent price hike.
Agriculture
Tomato Farmers Predict Steady Price Hike from May
The Tomatoes Growers and Processors Association of Nigeria (TOPAN) has predicted a steady increase in the price of the produce between May and June 2026.
The Kaduna State Chairman TOPAN, Rabiu Zuntu, disclosed this in an interview recently in Lagos.
Zuntu noted that although there is no particular time for tomatoes planting season up north, seasonal weather variations can affect the production of the produce.
“Although we can plant tomatoes all-year-round, we cannot assure quality harvest all-year-round.
“Some farmers are harvesting now, while others are transplanting, and others are harvesting.
“Tomatoes are still available for sale but the price of the produce is gradually on the increase.
“Come May/June, the prices of tomatoes will be very expensive, so now is a good time to stock up the produce. There’s always a scarcity within that period.
“This is because of the nature of the weather in the north around that period, the weather is usually very hot and tomatoes cannot resist such hot temperature,” he said.
Zuntu said the price of tomatoes have started rising up in the north.
“A 50kg rafia basket of tomatoes sells from N20,000 as against N7,000 to N10,000 that was sold earlier in the year.
“While a crate of tomatoes up north is sold between N10,000 and N15,000 as against N5,000 to N6,500 sold earlier in the year.
“In most part of Kano State, where there is bumper harvest, they are rounding off their harvest. So, tomato is not that available there and most buyers have turned to where they can find it now, mostly within Kaduna State and some parts of Plateau State.
“So, that’s why the supply has decreased and the tomato supply and cost is determined by the law of demand and supply,” he said.
A 50kg basket of tomatoes in Lagos, at the moment, sells between N40,000 and N60,000 depending on the size and quality.
Agriculture
Lack of Irrigation Facilities Crippling Dry Season Farming in Oyo
The Smallholder Women Farmers Organisation in Nigeria (SWOFON), Oyo State chapter, has said that the lack of irrigation facilities had become a major obstacle to dry season farming in the state.
The Chairperson of SWOFON in Oyo State, Atinuke Akinbade, said this in an interview in Ibadan on Monday.
Akinbade, who shared the experiences of women farmers in the state during the 2025 dry season, said that inadequate access to water for irrigation significantly affected the performance of many farmers during the period.
“It hindered many older farmers from participating in dry season farming and also prevented younger farmers from doing as much as they could in cultivating large acres of land,” she said.
Akinbade explained that farmers who managed to plant during the season struggled to access sufficient water to irrigate their farms, a situation worsened by the effects of climate change.
“Many farmers who depended on streams and wells to water their crops suffered major setbacks because those sources could not provide enough water for irrigation.
“Some farmers had to resort to buying water from commercial water tankers, which increased the cost of production, while at times it was even difficult to get water from the tankers,” she said.
The SWOFON chairperson warned that failure to address the problem could worsen food insecurity in the coming months.
“Even now, rainy season farming has not fully commenced because of the irregular rainfall pattern.
“This is a double burden, and if nothing is done, it may lead to serious hunger later,” she said.
Akinbade, however, acknowledged that the government had organised training for members of the association on home gardening.
She, however, said that little support was provided to address the challenges of dry season farming.
The chairman said that the home garden support package given to members consisted mainly of seedlings and one sprayer.
“They gave us two packs each of maize and pepper seeds, with six seeds in each pack, as well as one sprayer, so that we can grow food for household consumption,” she said.
Earlier, Oluwatoyin Oyedeji, SWOFON Coordinator in Oyo East, explained the severe hardship members of the organisation experienced in sourcing water for irrigation.
“Many farmers are already counting their losses because water was not available to irrigate their farms.
“Those who depended on streams and brooks were badly affected because many of them dried up, while the few that still had water had so little that farmers had to dig deeper into the ground in search of more,” Oyedeji said.
In the same vein, the Women Leader for farmers in Saki East, Musiliu Ashiru, said the absence of irrigation facilities also hampered dry season farming in her area.
According to her, many farmers still engaged in dry season farming have had to pay for water to keep their crops alive.
“Many of them buy water from the dam here to irrigate their crops. It has not been easy for them this year,” Ashiru said.


