The Abuja Chamber of Commerce and Industry (ACCI) is set to buy into the Federal Government intervention fund for Methanol Fuel for national development.
The Chamber made this decision at a workshop by the Department of Environmental Sciences and Technology of the Federal Ministry of Science, Technology and Innovation (FMSTI).
The President of ACCI, Dr. Al-Mujtaba Abubakar who recieved a delegation from the Ministry, led by its Minister, Mr Adeleke Olorunnimbe Mamora for the workshop, lauded the ministry for the initiative and the government’s effort in intensifying its production as an alternative source of energy in the country.
“It is a known fact that due to the benefits embedded in methanol, the huge deposits of natural gas will be useful to the nation leading to job creation, technology development and domestication, electricity generation, clean household energy services, chemical industry value chain, and reduction in pulmonary diseases among women and children, efficient transportation services, stoppage of gas flaring amongst others,” he said.
The Minister of Science, Technology and Innovation, Dr. Adeleke Mamora who led a delegation to ACCI for the workshop, announced that the Federal Government was taking significant steps to provide intervention funds to advance the development of methanol fuel technology.
He stated that the initiative aligns with President Buhari’s agenda and his recent presidential order to create 100 million jobs within a decade adding that the utilisation of methanol’s extensive value chain for industrialisation plays a pivotal role in achieving this ambitious goal.
The workshop was aimed to engage with the business community on the conduct of feasibility studies for the nationwide adoption of Methanol Fuel Technology and Diffusion with the theme, “Enhancing Business Opportunity for Methanol Driven Economy.”
Present at the workshop were; the 1st Deputy President of ACCI, Chief Emeka Obegolu, SAN, the Director General, Victoria Akai, ACCI General Counsel, Aisha Ado Abdullahi, Executive Director National Policy Advocacy Centre of ACCI, Mr Chidiebere Onwumere, Chairman ACCI Young CEO Club, Fife Banks, and members of ACCI Energy Trade Group.
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