We’re preparing for post-crude oil era – FG | Dailytrust

We’re preparing for post-crude oil era – FG

The Minister of Science and Technology and leader of the South-East zonal caucus of the APC, Dr Ogbonnaya Onu
The Minister of Science and Technology and leader of the South-East zonal caucus of the APC, Dr Ogbonnaya Onu

The Minister of Science and Technology, Ogbonnaya Onu, says efforts are on ground to ensure Nigeria is prepared for a post-crude oil era.

Onu said this in Abuja Thursday at the 2nd interactive forum with the state commissioners In charge of Science and Technology in Abuja.

According to him, Nigeria has 187 trillion cubic feet of natural gas and has the highest natural gas reserves in the world and 9th highest in the world.

He said Nigeria was introducing methanol to the nation’s economy as it could be used to produce as many as 1,000 different products that could be used in our homes, schools, offices, hospitals, farms and factories.

He said: “The production of methanol will help us to stop gas flaring in the country. Since natural gas is the major feedstock for its production, this will increase the demand for natural gas and hence initially reduce and finally help stop gas flaring in the country”.

The minister added that Methanol fuel technology would be fully domesticated in the country.

He said Nigerian professionals could fully grasp the technology and be in a position to export the technology to other countries in the near future.

Onu said the Federal Government was determined to improve funding of Science, Technology and Innovation (STI).

 

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
1017257739
Media Trust Ltd


Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let us know.

Inquiries:
Email: membership@dailytrust.com
Whatsapp: +234 806 990 3410