Major Energies Marketers Association of Nigeria has described ethanol blended into biofuel as a transformative energy source with the potential to shape Nigeria’s energy landscape and pave the way for a sustainable and economically robust future.
Speaking at the forum, Senior Consultant with Africa Practice, Agwu Ojowu, in his paper with the theme “Ethanol as a Biofuel”, pointed out that developing the ethanol industry could save the nation about $7.4 billion yearly. Ojowu concluded that ethanol presents numerous benefits, including economic, environmental, and agricultural advantages, without necessitating vehicle modifications.
Major Energies Marketers Association of Nigeria has described ethanol blended into biofuel as a transformative energy source with the potential to shape Nigeria’s energy landscape and pave the way for a sustainable and economically robust future.The effect of naira devaluation, rising inflation and interest rate hikes has continued to take a huge toll on the performance of firms under the fast-moving consumer goods , causing their financial cost to soar.