21st February, 2024
The National Palm Produce Association of Nigeria (NPPAN) says the Federal Government will sign a Memorandum of Understanding (MoU) with the Malaysian Government to develop palm biomass in the country.
Amb. Alphosus Inyang, President of NPPAN, disclosed this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja.
Inyang identified palm biomass as a multi-billion dollar economy.
“Biomass simply means agricultural waste and we are talking about turning waste into wealth.’’
The president said NPPAN was working with its counterpart in Malaysia to replicate what was happening in Malaysian palm biomass and other biomass, in Nigeria.
He said that the development of palm biomass could contribute 10 billion dollars to the National Gross Domestic Product (GDP) within four years and generate over five million jobs within five years.
Inyang said that Nigeria generated millions of agricultural waste annually, adding that signing the MoU would enable the country to produce industrial goods, generate electricity, produce medicine and fertiliser among others as applicable in Malaysia.