The Federal Government on Wednesday signed a Memorandum of Understanding with the DOR Group of Israel for the production of ethanol in Nigeria.
Minister of Science and Technology, Ogbonnaya Onu, and his Minister of State, Mohammed Abdullahi, together with the ministry’s Permanent Secretary, Bello Umar, signed the MoU on behalf of the Federal Government.
The Chief Operating Officer, DOR Group of Israel, Vincent Asor, signed on behalf of the group of companies.
The event was witnessed by the Deputy Chief of Mission, Embassy of the State of Israel, Yotam Kreiman, alongside the mission’s Senior Economic Officer, Florence Osuji.
After signing the MoU, Abdullahi said the Federal Government was determined to execute to the letter the terms and the spirit of the agreement.
This was contained in a statement issued by the Director, Press and Public Relations, Federal Ministry of Science and Technology, Abdulganiyu Aminu.
In the statement titled ‘FG, Isreal sign pact on methanol production’, the minister said the agreement would significantly change the fortunes of Nigeria.
Abdullahi said the methanol technology would expand the chemical industry value-chain, replace kerosene as household cooking fuel and contribute to efficient and effective transportation.
On his part, Asor said the quality and efficient engineering for which Israeli firms were well known for would be brought to bear in the implementation of the agreement.