Photograph — Leadership

The managing director of Biodiesel Nigeria Limited, Engr. Hussaini Solomon, disclosed that his company has concluded arrangement to establish a mini-biofuel refinery in Lokoja, Kogi state worth 5.2 billion naira. According to Hussaini, the project, which has an initial capacity of 100,000 liters per day, is billed to employ over 4,000 young farmers in the state.

During an interview, Hussaini disclosed that his company had just recently signed a memorandum of understanding (MoU) with the Kogi State government and other relevant stakeholders in order to finalise the take-off of the project, to this end he has gone far in making the project a reality.

He further mentions that his company, Biodiesel Nigeria Limited, has been in the forefront of Jatropha biodiesel development for over 10 years. He listed his current customers to include telecommunications giant, MTN Nigeria, which he said has continued to enjoy a reduction in its cost of power generation with the introduction of biodiesels into its generating plants across the country.

Hussaini said “Biofuels provide a new economic opportunity to enhance the economic growth of Nigeria in Agriculture, Manufacturing and Energy Sectors, hence the GDP.

“The Biofuels policy is designed to diversify access to energy; create job opportunities; act as sources of revenues and mitigating greenhouse gases emissions by linking agriculture with the petroleum industry.”

Read more at Leadership

Elsewhere on Ventures

Triangle arrow