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MAKE HUGE PROFIT FROM BIOFUEL INVESTMENT IN NIGERIA ;OVER 3 MILLION HECTARES OF LAND AVAILABLE FOR JATROPHA CULTIVATION.
The slave trade era might have come and gone but one important lesson that it taught us was that at that time to be famous and rich one has to operate large hectares of land for agricultural production. The agricultural era saw the production of agricultural commodities like sugar cane, wheat, corn etc for human and industrial use.
Then came the industrial era which witnessed the establishment of so many industries to process products gotten from the agricultural and other sectors into finished goods. This era saw the emergence of John D. Rockefeller – Jnr. an American industrialist, as the world’s richest man. Next was the computer age or what is popularly referred to as the dot com era. This era created more millions that the two previously mentioned eras and saw the emergence of Bill Gate of Microsoft as the world’s richest man.
The world is presently in a transition state back to the agricultural era where farmer’s and agricultural produce processors would once more occupy there place of pride. This shift is being driven by the food and energy needs of the world population. Effect of global climate change {global warming} is already been felt with the catastrophic destruction of farms by floods, washing away of top layer soil and desertification. This has greatly affected the world’s food supply.
The rising cost of oil and other traditional source of energy coupled with the need to reduce the effects of global warming are intensifying the search for alternative clean fuel sources across the world.
Biofuels are a wide range of fuels which are in some way derived from biomass. The term covers solid biomass, liquid fuels and various biogases.[1] Biofuels are gaining increased public and scientific attention, driven by factors such as oil price spikes and the need for increased energy security.
Crop that can be processed into biofuel is referred to as energy crops and they include cassava, jatropha, algae, cotton seed, sesame seed, ETC.
For a nation that wants to develop, it most focuses on area where it has comparative advantage and surely Nigeria does has a comparative advantage in the agricultural sector especially in the production of biofuel.
From available findings, Nigeria’s record in this emerging is challenging from the figures given below
Australia 20 Million Gallons
China 530 Million Gallons
Brazil 4.35 Billion Gallons
USA 4.3 Billion Gallons
E U 250 Million Gallons
India 80 Million Gallons
Nigeria Zero Million Gallons
In order to reverse these trend, the government has made available about 3 million hectares of degraded land for the cultivation of Jatropha. Improved cassava seedling for improved yields is now available from research institutes in the country.
With a population of over 140 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large market for biofuel. Also the investor can also take advantage of the trade liberalization in the West African {ECOWAS} market to sale there product.
The allocation of 3 million hectares of land for the cultivation of Jatropha, provision of improved cassava seedlings and the willingness of government to derive the maximum gain from biofuel makes Nigeria a preferred destination for biofuel investment in Africa.
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MAKE HUGE PROFIT FROM BIOFUEL INVESTMENT IN NIGERIA ;OVER 3 MILLION HECTARES OF LAND AVAILABLE FOR JATROPHA CULTIVATION.
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