The 2nd Inter-Ministerial meeting of the implementation of the National Policy on Methanol Fuel Production Technology has been held at the Federal Ministry of Science and Technology on Monday.

Speaking at the meeting, the Minister of Science and Technology Dr. Ogbonnaya Onu enumerated the benefits of Methanol technology to the economic diversification programme of the Federal Government.

The Minister of Environment, Dr. Muhammad Mahmood Abubakar, the Minister of State for Science and Technology, Barr. Mohammed Abdullahi, were present at the meeting with the representatives of Minister of Finance and Minister of State for Petroleum.    

Dr. Onu was very optimistic that the methanol production technology will create jobs and wealth for the country, adding Nigeria is more of a gas than an oil nation.

According to Dr. Onu, the introduction of methanol technology will go a long way in reducing gas flaring in the environment.

He explained that Nigeria’s enormous gas resources would be converted into useful products, through methanol technology, thereby paving the way for other businesses to grow, adding that the demand for gas by these businesses will tremendously reduce gas flaring.

Dr Onu said that the Federal government had long intended to end gas flaring in Nigeria, adding that with methanol technology production a large amount of gas flared would be converted to methanol which is environmentally friendly.

He further said that with methanol, usage of kerosene and firewood to cook will be reduced to the barest minimum, thereby reducing deforestation.

Dr. Onu further said that methanol will also impact positively in transportation, power generation and manufacturing.

The Minister further said that methanol is a major raw material in industrial production and will go a long way in boosting our economy.

Earlier, the Permanent Secretary called on the committee to ensure thorough work is done to see to the immediate implementation of the policy for the good of our nation and also to boost the revenue drive of the government.