The Ogun-Osun River Basin Development Authority and 3D NNPC Biofuels Limited have signed an MoU for the establishment of a €256 million bioethanol plant in Itokin, Lagos State.
Under the agreement, the authority will provide 200 hectares of land for the plant and make available 15,000 hectares across Lagos, Ogun, Osun and Oyo states for large-scale cassava cultivation to supply the facility.
The plant will produce renewable bioethanol for blending with petrol, while the project is expected to support cassava farming, create jobs and reduce reliance on imported fuel. NNPC holds a 25 per cent stake in the joint venture.
The partners said work on the project is expected to begin soon, with plans to formally commence the project before the end of the year.
A 13-year-old schoolboy has been detained after a knife attack at a school in Staskov, northwestern Slovakia, left a teacher dead and two others injured. The attack occurred on Tuesday morning after the first class. Police said the boy was being investigated for premeditated murder. The deceased was a 61-year-old teacher, while another teacher and a schoolgirl were taken to hospital. The student was reported to be in critical condition, […]
Post comments (0)