Nigeria and Malaysia Set to Sign MoU on Palm Biomass Development
The National Palm Produce Association of Nigeria (NPPAN) has revealed plans for the Federal Government to sign a Memorandum of Understanding (MoU) with the Malaysian Government aimed at advancing palm biomass development in Nigeria. Amb. Alphosus Inyang, President of NPPAN, shared this significant development in an interview with the News Agency of Nigeria (NAN) in Abuja.
Inyang emphasized the economic potential of palm biomass, describing it as a multi-billion dollar industry with vast opportunities for Nigeria. He explained that biomass entails agricultural waste and highlighted the transformative potential of converting such waste into valuable resources, thereby turning waste into wealth.
The president underscored NPPAN’s collaboration with its Malaysian counterpart to replicate Malaysia’s success in palm biomass development in Nigeria. He projected that the development of palm biomass could significantly contribute to the nation’s Gross Domestic Product (GDP), estimating a potential addition of $10 billion within four years. Additionally, he anticipates the creation of over five million jobs within five years, demonstrating the immense socio-economic impact of this initiative.
Inyang noted Nigeria’s substantial generation of agricultural waste annually, emphasizing the importance of leveraging this resource to produce industrial goods, generate electricity, and manufacture medicine and fertilizer, among other applications, similar to practices in Malaysia.
The impending signing of the MoU between Nigeria and Malaysia represents a crucial step towards unlocking the full potential of palm biomass and fostering sustainable economic growth and job creation in Nigeria.
