Nigeria is set to save $30 million annually through the conversion of cassava to ethanol, according to Minister of Innovation, Science and Technology,Uche Nnaji.
This announcement was made during the signing of a Memorandum of Understanding (MoU) between Montserrado Investments and the Federal Institute of Industrial Research Oshodi FIIRO to establish a cassava-based ethanol plant in Ekiti State.
Nnaji emphasized the economic and environmental benefits of this initiative, highlighting that the ethanol plant will significantly reduce Nigeria’s dependence on imported ethanol.
He added that the project aligns with the government’s commitment to leveraging local resources for sustainable development.