The Minister of Science, Expertise and Innovation, Dr. Ogbonnaya Onu mentioned that the event of a methanol gasoline expertise coverage will profit Nigerians.
The minister made the assertion on Tuesday in Abuja throughout a roadshow to lift public consciousness on methanol gasoline manufacturing expertise.
The Federal Govt Council authorized the Nationwide Coverage on Methanol Manufacturing Expertise and the Methanol Worth Chain Implementation Program in October 2019.
He assured that the methanol-driven financial system is helpful in job creation, technological improvement and domestication, electrical energy era, clear vitality providers of the house, worth chain of chemical business amongst others.
“With the introduction of methanol, producers use it as a uncooked materials for a lot of product traces.
“As a gasoline within the transportation sector, it’s costlier than PMS (gasoline), environmentally pleasant, has the next octane high quality and improves the efficiency of automobiles,” UN mentioned.
Equally, it’s understood that methanol could be combined with PMS at 15 p.c methanol and 85 p.c PMS, for use in all automobiles with none important modification.
Onu added that the usage of kerosene and wooden for cooking and its present well being challenges will even be diminished.
“Methanol, being a less expensive and cleaner gasoline, will assist remedy this downside.”
“In view of this, the ministry is subsequently extending a partnership hand to entrepreneurs and traders within the personal sector to spend money on methanol manufacturing based mostly on science, expertise and innovation,” he mentioned. .
Based on the minister, Nigeria has not added worth to its pure sources and this has led to a restricted revenue era which has additionally influenced job creation.
“We exported cocoa however imported chocolate. We exported peanuts however imported snacks. We exported crude oil however imported petroleum merchandise.
“Nigeria is extra of a fuel nation with large pure fuel deposits, and pure fuel might be helpful within the transition as we put together our financial system,” UN mentioned.
He famous that developed international locations are steadily lowering their dependence on crude oil, concentrating on cleaner and extra renewable vitality sources, with electrical automobiles being launched in lots of international locations.
“These initiatives are in compliance with the Nationwide Decided Contributions (NDCs) of the international locations, of which Nigeria is a celebration, below the 2015 Paris Local weather Change Settlement.”
The minister defined that the fast influence of those initiatives is a discount in world demand for crude oil.
“It’s now that our expensive nation is making ready for a post-crude oil period by strengthening the nation’s income base in response to the present pattern on this planet,” he mentioned.
It has been argued that the event of methanol gasoline expertise coverage affords the best way ahead for Nigeria.
“We wish to cultivate methanol expertise within the nation in order that sooner or later, Nigerian scientists and engineers, according to the Presidential Order No.5, will develop entrepreneurs and companies,” he mentioned.