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Kogi farmers Invest N110 million on ethanol plants

The Kogi State chapter of the Association of Women Farmers in Nigeria (AWFN) is to spend N110m to establish five ethanol plants, estimated at N110 million, in the state.

The North-central Zonal Coordinator of the association, Esther Audu, made this known in Lokoja, saying that each of the plants that would be established in the three Senatorial Districts would cost N22 million.

“We are partnering with the Nigerian office of a London-based financial institution, Mechanised Agricultural Micro Credit Investment Scheme (MAMCIS) for the establishment.

The plants would produce 1000 tons of kerosene daily from cassava. For us to get them, we have to pay 15 per cent of the N22 million,” she said, adding that the association has five years to offset its debt to MAMCIS.