Palm oil million metric tonnes. In 2012, Malaysia, the world's second largest producer of palm oil, produced 18.79 million tonnes of crude palm oil on roughly of land. Though Indonesia produces more palm oil, Malaysia is the world's largest exporter of palm oil having exported 18 million tonnes of palm oil products in 2011. China, Pakistan, the European Union, India and the United States are the primary importers of Malaysian palm oil products. As of 2011, Nigeria was the third-largest producer, with approximately under cultivation. Until 1934, Nigeria had been the world's largest producer. Both small- and large-scale producers participated in the
Nigeria and the World Bank under President Olusegun Obasanjo. From there on relations with the World Bank and Nigeria flourished. The World Bank has been working with Nigeria to reduce the high rate of poverty, create better human capital, diversify the country's revenue through non-oil sectors, and help with economic management. Up until 2004 the World Bank was slow to release funds and most projects were relatively going slow and have proved unsatisfactory. Through 2000 to 2007 the World Bank was set on making reforms in macro stability and governance. According to the World Bank evaluations, this was classified as being moderately satisfactory. The other