Elaeis guineensis originally grew in West Africa. The southern coast of Nigeria was originally called the Palm oil coast by the first Europeans who arrived there and traded in the commodity. This area was later renamed the Bight of Biafra. In traditional African medicine different parts of the plant are used as laxative and diuretic, as a poison antidote, as a cure for gonorrhea, menorrhagia, and bronchitis, to treat headaches and rheumatism, to promote healing of fresh wounds and treat skin infections. In Malaysia, the first plantations were mostly established and operated by British plantation owners, such as Sime Darby and Boustead,
Nigeria and the World Bank to speed. In July 2018, The World Bank decided to extend its Country Partnership Strategy with Nigeria until June 30th 2019. In doing so, 7 new projects worth $2.1 billion were approved to start in Nigeria. These projects will be carried out through multiple IDA credits. The main focus of these projects is on key sectors that will lead to economic growth and stability in the upcoming years alongside the Economic Recovery and Growth Plan (ERGP).Through this, the already existing Nigeria Erosion and Watershed Management Project (NEWMAP) was also funded with $400 million to reduce and work against soil and