….Accuses Customs, NAFDAC, SON of enforcement failure
By Cynthia Alo
Despite the retention of vegetable oil on the Federal Government’s prohibition list under the 2026 fiscal policy measures, the National Chairman of the Vegetable/Edible Oil Producers Association of Nigeria (VEOPAN), Okey Ikoro, said the local market is still dominated by more than 100 imported oil brands, warning this threatens investments and discourages backward integration in the sector.
Speaking on Arise News, Ikoro disclosed that association members intercepted three trailers two days ago transporting smuggled vegetable oil through the Badagry axis.
Ikoro, while reviewing the effect of the 2026 fiscal policy measures on the vegetable oil sector of the Nigerian economy, accused the Nigeria Customs Service, National Agency for Food and Drug Administration and Control (NAFDAC), and the Standards Organisation of Nigeria, (SON) of failing to enforce ban.
He said: “The 2023 fiscal policy definitely placed vegeta
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