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Ethanol industrial development, key to economic growth- Nnaji

The Minster of Innovation, Science and Technology, Chief Uche Geoffrey Nnaji, has said that converting cassava to ethanol is a great road map to economic diversification of the nation’s economy.

According to Nnaji on Wednesday in Abuja, that transforming cassava-to-ethanol will reduce reliance on imported cooking fuel, safeguard the economy against global market fluctuations and fosters self-reliance.

The Minister stated this during the signing of the Memorandum of Understanding (MoU) between Montserrado Investment Limited and Federal Institute of Industrial Research Oshodi (FIIRO).

He further said that the project is aimed at harnessing the economic potentials of the cassava- to- ethanol industry, providing significant benefits which include, economic growth, import and regional development.

Nnaji stated that, signing of the MOU is a testament to Government’s commitment to transitioning to clean cooking fuel by facilitating the production of ethanol derived from cassava which is a vital step towards reducing our reliance on fossil fuels and embracing renewable energy sources.

He further said that, the collaboration between Montserrado Investment Limited and Federal Industrial Institute of Research Oshodi will enhance designing, building and operating the ethanol processing plant in line with international best practices for environmental sustainability and efficiency.

To this end, the Minister commended Ekiti State Governor, Dr. Biodun Oyebanji, for piloting the transformative project in his state, adding that, the programme will facilitate the Bio- Energy value initiative across the six geo-political zones of the country.

‘’Together, we are paving the way for a brighter, more sustainable future for Nigeria. Let us continue to work hand in hand to achieve our shared goals of economic prosperity, environmental sustainability and social well-being’’ Said Nnaji.

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