Elaeis Elaeis Elaeis () is a genus of palms containing two species, called oil palms. They are used in commercial agriculture in the production of palm oil. The African oil palm "Elaeis guineensis" (the species name "guineensis" referring to its country of origin) is the principal source of palm oil. It is native to west and southwest Africa, occurring between Angola and Gambia. The American oil palm "Elaeis oleifera" () is native to tropical Central and South America, and is used locally for oil production. Mature palms are single-stemmed, and can grow well over tall. The leaves are pinnate, and reach
Nigeria and the World Bank Nigeria and the World Bank The World Bank is an institution that was established in 1944 and since 1958 has provided Nigeria with low interest rate loans through the International Development Association(IDA) and International Bank for Reconstruction and Development (IBRD). As of 2018, it constitutes of 189 member countries. It’s primary goal was to help and rebuild countries after the World War 2. After its independence in 1960, Nigeria officially joined the World Bank on March 30, 1961.As the World Bank's goals and outreach in different countries have diversified, they have gradually over the years organized the bank into five