Nigeria plans to save $30 million annually by converting cassava into ethanol, announced Chief Uche Nnaji, the Minister of Innovation, Science, and Technology.
This announcement came during the signing of a Memorandum of Understanding between Montserrado Investments and the Federal Institute of Industrial Research Oshodi (FIIRO) to establish a cassava-based ethanol plant in Ekiti State.
Chief Nnaji highlighted the economic and environmental benefits, noting that the ethanol plant will reduce Nigeria’s reliance on imported ethanol and align with the government’s commitment to sustainable development using local resources.
The project aims to support local farmers, establish a sustainable supply chain, and boost employment in the agricultural sector.
Nnaji emphasized that while the pilot project starts in Ekiti State, similar plants will be set up across Nigeria’s geopolitical zones.
He stressed the project’s potential to generate revenue and reduce reliance on imported fuels.
The initiative, led by Montserrado Investments and FIIRO, is expected to enhance cassava farming, create jobs, and contribute to Nigeria’s renewable energy objectives.
Dr. Jummai Adamu Tutuwa, CEO of FIIRO, highlighted the economic benefits such as job creation and the establishment of processing plants, which will spur additional industries.
She emphasized that the cassava-based ethanol will help Ekiti State lessen dependence on non-renewable energy sources, improve income levels in rural areas, and promote environmental sustainability.
Overall, the initiative underscores Nigeria’s strategy to diversify energy sources, promote innovation in agriculture and industry, and support economic growth.
