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As of 2023, the production of palm oil in Nigeria was estimated to be 1,400 thousand metric tons, remaining stable compared to the previous year. In 2021, a growth rate of nearly 10 percent was registered. Overall, between 2010 and 2023, the palm oil crop in the country increased, reaching the highest growth in 2010, at 14 percent compared to the preceding year. Nigeria is one of the leading producers of palm oil worldwide.