Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Kogi State Government for the establishment of a Biofuel Plant in the State.
The project involves the construction of the plant and the production of cassava feedstock.
The MoU Signed in Abuja will see to the production of fuel ethanol that could be blended into Premium Motor Spirit (PMS) or Petrol and will be used in automobiles.
The Group Managing Director of the NNPC, Dr. Maikanti Baru, said the project will be completed within the next 36 months.
Governor Yahaya Bello speaking on the project said it will create direct and indirect jobs for citizens of the state.
“The takeaway from this particular signing of the MoU between Kogi State and the NNPC is that over two million jobs will be created in Kogi State as a result of this cassava and sugarcane development project that will be feeding the biofuel plant that is coming up in the state.
“The multiplier effect of this is that Kogi State will be more secured because the youths will be taken off the streets. So, as a state, we are committed to providing security and an environment that is conducive for this project in order to ensure that it is a success and benefits the good people of the state and Nigeria at large.”
The Governor said the State had approached the Africa Development Bank (AfDB) to secure funding to develop infrastructure around the state for the project.
The Governor also allayed fears of any possible negative impact of the plant on the supply of cassava-based foods.