Ethanol as biofuel to spureconomic devt in Nigeria’
Agwu Ojowu, Senior Consultant at Africa Practice, stated that adopting ethanol as biofuel will spur Nigeria’s economic development by diversifying energy sources and reducing fossil fuel dependence. Speaking at MEMAN’s webinar, Ojowu highlighted that Nigeria’s annual 63 million metric tonnes of cassava, with 40% wasted, could boost local economies and farmers’ income. MEMAN CEO Clement Isong emphasized Nigeria’s potential to bridge energy needs with biofuels.
The Senior Consultant and Country Lead at Africa Practice, Agwu Ojowu, has said
that the adoption of Ethanol as biofuel will significantly spur economic
development in Nigeria.
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He said that as the country seeks to diversify its energy sources and reduce
dependence on fossil fuels, ethanol emerges as a viable alternative that can drive
sustainable growth and create numerous economic opportunities.
Ojowu stated this during his presentation at the Major Energies Marketers
Association of Nigeria’s (MEMAN) quarterly press webinar, saying that there would
be an increase in investment across the value chain that would help to prevent
post-harvest losses and improve productivity.
The senior consultant, who spoke on the potential of Ethanol, said Nigeria
produces about 63 million metric tonnes of cassava yearly, adding, however, that
40 per cent of that production is lost yearly.
He stressed that a lot of cassava produce is wasted but biofuel would provide
additional income for farmers with an increase in local economic growth. Also,
Chief Executive Officer of MEMAN, Clement Isong, said Nigeria has capacities for
biofuels, noting that there are opportunities for the country to bridge the energy
needs by tapping all.
He said there were gaps to be filled, noting that renewable energies will never
bridge the gap
Source Link: https://guardian.ng/ethanol-as-biofuel-to-spur-economic-devt-in-nigeria/
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