Abuja: The High Commissioner of Malaysia to Nigeria, Aiyub Omar, has indicated that the thriving palm oil trade between Malaysia and Nigeria has bolstered relations between the two nations. Omar shared this development with the News Agency of Nigeria (NAN) on Sunday in Abuja, highlighting the mutual benefits and growing economic ties.

According to News Agency of Nigeria, Omar noted that the surge in palm oil trade demonstrates a strong commitment to agricultural collaboration and has sparked interest from foreign investors eager to tap into Nigeria's agricultural potential. Approximately 50 percent of Malaysia's exports to Nigeria consist of palm oil, contributing to an export figure of $600 million in 2024.

During a visit to Calabar in May 2025, Omar met with members of the Malaysian Diaspora, many of whom are actively engaged in the palm oil industry. There are around 50 Malaysians residing and working in Nigeria, primarily in Lagos and with a growing presence in Calabar. This community mainly comprises business professionals managing palm oil plantations, which play a crucial role in the trade dynamics between the two countries.

Omar emphasized ongoing collaboration in the agricultural sector aimed at enhancing productivity and efficiency in palm oil cultivation, marking a significant step towards strengthening bilateral trade. Additionally, the Malaysian High Commission is dedicated to promoting palm oil exports and facilitating greater foreign investment in Nigeria's agricultural sector.

With the increasing global demand for palm oil, Omar highlighted the vast opportunities for diversification and investment that could benefit both Malaysia and Nigeria.