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NNPC, Kogi to Produce 84 Million Litres of Bio-fuel
Posted by :Aliyu MuhammedPosted date : February 28, 2018In News, PoliticsComments Off on NNPC, Kogi to Produce 84 Million Litres of Bio-fuel
….Project will create 2m jobs – Gov Bello
…Sign MoU on Fuel-Ethanol Project
Kogi State government yesterday signed a Memorandum of Understanding (MoU) with the Nigerian National Petroleum Corporation (NNPC) for the development of Biofuels.
The project is expected to bring about industrialization in the Agriculture sector of the state through commercial production of Biofuels from selected energy crops like Sugarcane, Cassava and Oil Palm, while fostering the exploitation of other renewable energy sources.
Speaking to journalists after signing the MoU, Kogi State governor, Alhaji Yahaya Bello, assured the NNPC of complete security for their investment in the Alape Staple Crop Processing Zone situated in Kabba/Bunu local government area of the state.
Governor Bello said the era of calling Kogi a ‘civil servant state’ was officially over, as the project is expected to create about two million direct and indirect jobs, while the internally generated revenue would surely grow exponentially.
He thanked the NNPC top management staff and all the investors for choosing kogi, even as he promised that the investment would be well secured.
He said, “I have the mandate of the good people of Kogi state that your investment and personnel would be well secured. We inherited a state that was largely insecure 24 months ago. Today, Kogi is the most secure place to invest as far as this country is concerned.
“We are currently the largest producers of cassava in the country. We will be the largest producer in the world very soon.”
The governor further explained that the Africa Development Bank is poised to finance all the infarastrucure needed to make the Alape Staple Crop Processing Zone a success.
In his welcome remarks, the Group Managing Director of the NNPC, Dr. Maikanti Baru, noted that the occasion marked another major milestone in the present federal government’s determination to diversify the economy and at the same time compliments Nigeria’s effort in meeting with the growing energy demand.
He said, “NNPC is committed towards the implementation of Nigeria’s Nationally Determined Contribution (NDC) under the Paris Agreement aimed at combating global Climate Change, to which Mr. President, Muhammadu Buhari signed and deposited Nigeria’s ‘Instrument of Ratification’ to the United Nations Framework Convention on Climate Change (UNFCCC) in May 2017,” he said.
“The Renewable Energy Division of NNPC was created in line with Federal Government directive with the sole aim of industrializing Agriculture in Nigeria through the commercial production of Biofuels from selected Energy Crops as feedstock, while fostering the exploitation of other Renewable Energy Sources; mitigating Climate change and earn Carbon credits from CDM projects activities and serve as additional line of profitable business for NNPC, including Food Production and Power Generation