The collaboration between Nigerian and Israeli on methanol production would change the fortunes of Nigeria significantly.
These were the words of Mr. Mohammed Abdullahi, minister of state for Science and Technology in Nigeria. He spoke after the signing of the Memorandum of Understanding (MoU) with an Israeli firm, DOR Group of companies on methanol production technology.
Stating that the federal government was determined to execute the terms of the agreement, the minister said that the signing of the MoU would impact positively on the economy.
According to him, the methanol technology shall expand the chemical industry value-chain, replacing kerosene as household cooking fuel, and contribute to efficient and effective transportation in Nigeria.
He added that other advantages of the methanol production technology were to mitigate climate change and improve electricity generation in the country.
Abdullahi further said that the policy would create an enabling environment for more investment in the oil and gas sector and bring about an end to gas flaring in Nigeria.
Dr Ogbonnaya Onu, Nigeria’s minister of science and technology signed the MOU in Abuja recently, as a decisive step towards implementing the methanol production technology.
Prof. Vincent Asor, Chief Operating Officer of the Israeli firm, signed on behalf of DOR Group of Israel. The Deputy Chief of Mission, Embassy of the State of Israel, Mr. Yotam Kreiman and Florence Osuji, Senior Economic Officer, witnessed the event.
In his remarks, Asor gave the assurance that DOR Group of companies shall do its best to fulfil its own side of the agreement.
He also said that quality and efficient engineering for which Israeli firms were known for would be brought to bear in the implementation of the agreement.