The Minister of Science and Technology, Dr Ogbonnaya Onu on Monday said Nigeria and Israel are to sign bilateral agreement on methanol fuel production technology.
The Minister disclosed this when he met with the Israeli Ambassador to Nigeria, Mr. Shimon Ben Shoshan in Abuja.
A statement by the Ministry’s Director Press and Public Relations, Mr. AbdulGaniu Aminu said Dr. Onu expressed Nigeria’s determination to explore and develop the Methanol chemical fuel technology “because it holds the key to the economic diversification of the country”.
According to the statement, the Minister added that for Nigeria to become the manufacturing hub of Africa, it must utilize all its natural resources and add value to them so as to create wealth and employment for its teeming youths.
While describing methanol as a “wonder chemical”, Dr. Onu said its application will impact positively the power, energy and manufacturing sector, adding that with its introduction, Nigeria will soon become the manufacturing hub of Africa.
He added that Nigeria would appreciate the inputs of Israel to ensure the smooth takeoff of the methanol policy.
Speaking earlier, the Israeli envoy, Mr. Shimon Ben Shoshan, said Israel will be too willing to share its know- how and expertise on methanol fuel technology with Nigeria.
He said the methanol fuel technology is a better alternative to petroleum as it is cheaper, faster ad pollution- free.
Mr. Shoshan also said that his country is also amenable to learn from Nigeria’s indigenous technology as well as its progress in oil and gas technology.