The National Palm Produce Association of Nigeria (NPPAN) has revealed a groundbreaking development, as the Federal Government gears up to formalize a crucial Memorandum of Understanding (MoU) with the Malaysian Government.
This move signifies a major leap forward in unlocking the economic potential of palm biomass in Nigeria.
Ambassador Alphosus Inyang, President of NPPAN, shared these significant details in an interview with the newsmen n Abuja.
Biomass, characterized as agricultural waste, emerges as an underutilised resource poised for substantial economic gains.
The primary objective is to convert this agricultural waste into a source of wealth. NPPAN is strategically partnering with its Malaysian counterparts, aiming to replicate the success achieved by Malaysia in the palm biomass industry within the Nigerian context.
Inyang underscored the profound economic implications associated with the development of palm biomass in Nigeria.
Ambitious projections include a potential infusion of $10 billion into the national Gross Domestic Product (GDP) within a span of four years, accompanied by the creation of over five million jobs within five years.
He emphasized Nigeria’s substantial annual production of agricultural waste, underscoring that the MoU stands to empower the country to harness these waste materials for diverse industrial applications.
The collaboration holds promise for transforming agricultural by-products into valuable resources, paving the way for economic growth and job creation on a significant scale.
