Palm oil accounts for 50% of Malaysia’s exports to Nigeria— Envoy

The High Commissioner of Malaysia to Nigeria, Aiyub Omar, has said that the thriving palm oil trade between Malaysia and Nigeria has enhanced relations between the two countries. Mr Omar made this known to journalists on Sunday in Abuja. He noted that the surge in trade had not only signified a strong commitment to agricultural collaboration but had also increased interest from foreign investors looking to capitalise on Nigeria’s agricultural potential. According to him, approximately 50 per cent of Malaysia’s exports to Nigeria consist of palm oil, contributing to an export figure of $600 million in 2024. The high commissioner recalled that during a visit to Calabar in May 2025, he met with members of the Malaysian Diaspora, many of whom were engaged in the palm oil sector.
“There are around 50 Malaysians currently residing and working in Nigeria, with a significant concentration in Lagos and a growing presence in Calabar. The Malaysian community in Nigeria is primarily made up of business professionals focused on agriculture, particularly in managing palm oil plantations that are relevant to the country’s trade dynamics,” he said.
Mr Omar also noted that the ongoing collaboration within the agricultural sector aimed to enhance productivity and efficiency for palm oil cultivation; thus, marking a step towards enhancing bilateral trade.
In addition to promoting palm oil exports, Mr Omar pointed out that the Malaysian High Commission was working diligently to facilitate greater foreign investment in Nigeria’s agricultural sector. “With the increasing global demand for palm oil, there are vast opportunities for diversification and investment, which can be of benefit to Malaysia and Nigeria ,” he said.