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The Federal Government says Nigeria could save over ₦3 trillion annually in foreign exchange by blending bioethanol with Premium Motor Spirit (PMS). The initiative is designed to reduce the country’s reliance on imported fuel while strengthening domestic agriculture and industry. Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, announced the plan at a …

Nigeria Aims to Save ₦3trn in Forex Through Cassava-based Bioethanol Initiative

By Esther Ososanya The National Sugar Development Council (NSDC) has signed fresh agreements with four major operators to roll out large-scale greenfield projects expected to produce 400,000 metric tonnes of sugar annually. This is one of Nigeria's boldest industrial pushes in decades to protect its economy and cut the massive foreign exchange drain from sugar …

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