REVAMPING OF THE OIL PALM INDUSTRY IN THE SOUTHERN ATLANTIC AND MIDDLE BELT REGIONS OF NIGERIA FOR SUSTAINABILITY

Iwewe, Emem Nieokpon

Industrial Research/Inspectorate Division, Directorate of Industry, Ministry of Trade and Investment, P.M.B, 1171, Block 5, Idongesit Nkanga Secretariat Complex, Uyo, Akwa Ibom State, Nigeria. 07084773261.

Usabor, Robinson Efemena

MD/CEO, Atlantic Region Oil Palm Producing Co. Ltd. No.2 Roberts Street, Off Oron Road By Customs House, Uyo, Akwa Ibom State, Nigeria. 08037273095.

Abstract

The transitioning and diversification strategies from crude oil to other sources of wealth generation activities globally are aimed towards sustainability of the economy through skill development The benefits derived from these strategies are broad-based spanning from job creation, activities, increase income-generating activities, waste recycling into useful products and services amongst others. These benefits of skills development, job creation, and wealth generation activities, if properly monitored and managed would play key roles in the productivity and sustainability of Micro, Small, and Medium Enterprises (MSME) which are the bedrock of industrialization in any nation.

KEYWORDS: Oil palm, Diversify, sustainable development, skills, job creation/wealth generation.