{"id":292522,"date":"2023-10-08T10:18:09","date_gmt":"2023-10-08T09:18:09","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=292522"},"modified":"2023-10-08T10:18:09","modified_gmt":"2023-10-08T09:18:09","slug":"fg-targets-40m-jobs-in-2-years-from-methanol-technology","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/10\/08\/fg-targets-40m-jobs-in-2-years-from-methanol-technology\/","title":{"rendered":"FG Targets 40m Jobs In 2 Years From Methanol Technology"},"content":{"rendered":"<ul>\n<li><strong>Federal government&#8217;s methanol program aims to generate 40 million jobs in 2 years, supporting energy transition and mitigating fuel subsidy removal effects<\/strong><\/li>\n<li><strong>Minister Nnaji highlights commitment to solving youth unemployment, leveraging local resources, and Executive Order 5 for manufacturing sector growth<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>According to the federal government, its methanol fuel technology program will create over 40 million new job opportunities for Nigerians in the next two years.<\/p>\n<p>Chief Uche Nnaji, Minister of Science, Innovation, and Technology, stated at the weekend in Abuja that the government&#8217;s methanol economy revolution would harness the vast potential of methanol as a clean and sustainable energy source, positioning the country as a leader in Africa&#8217;s energy transition.<\/p>\n<p>&#8220;It can potentially create over 40 million new employment opportunities in two years and complement other efforts in curbing the effects of fuel subsidy removal on the populace,&#8221; Nnaji said in a statement. The minister said President Bola Ahmed Tinubu&#8217;s administration was committed to solving Nigeria&#8217;s problems through scientific and technological innovation.<\/p>\n<p>He expressed dissatisfaction that, despite the country&#8217;s abundant natural resources, youth unemployment remains a major issue, as the country constantly exports domestic jobs by importing products that can be manufactured locally.<\/p>\n<p>The minister also stated that Executive Order 5 would address bottlenecks in Nigeria&#8217;s manufacturing sector, adding that improved power supply, locally fabricated machines, and local technologies, if well harnessed, would increase exports and boost GDP.<\/p>\n<h3 class=\"jeg_post_title\">Nigeria can\u2019t be surviving on debt at 63 years of Independence \u2013 Kalu<\/h3>\n<p><a href=\"https:\/\/www.withinnigeria.com\/news\/2023\/10\/08\/nigeria-cant-be-surviving-on-debt-at-63-years-of-independence-kalu\/\">Benjamin Kalu<\/a>, the Deputy Speaker of the House of Representatives, has expressed concern about Nigeria\u2019s reliance on debt.<\/p>\n<p>Speaking at a stakeholders\u2019 dialogue on implementing Section 45 of the Fiscal Responsibility Act on Saturday in Lagos, Kalu said Nigeria needs to be self-sufficient and independent instead of relying on <a href=\"https:\/\/www.withinnigeria.com\/news\/2023\/09\/11\/nigerian-govt-obtains-163m-loan-from-afdb-for-wheat-production\/\" target=\"_blank\" rel=\"noopener\">loans<\/a>.<\/p>\n<p>Kalu, represented by Mr Nalaraba Abubakar, Chairman House Committee on Loans and Debt Management, said past governments sustained budgets through loans, but an approach he considered unsustainable, NAN reports.<\/p>\n<p>He also said that compliance with the provisions of Section 45 of the FRA remains crucial to the banks and other financial institutions before lending to any government of the federation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal government&#8217;s methanol program aims to generate 40 million jobs in 2 years, supporting energy transition and mitigating fuel subsidy removal effects Minister Nnaji highlights commitment to solving youth unemployment, leveraging local resources, and Executive Order 5 for manufacturing sector growth According to the federal government, its methanol fuel technology program will create over 40 [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":292525,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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