Energizing Nigeria: The Grow Your Energy Initiative - Powering Sustainable Development and Environmental Stewardship
GYE has the potential to become Nigeria’s home-grown initiative to mitigate the looming catastrophic effects of the current global economic meltdown. It also provides answers to Nigeria’s efforts to reduce her carbon footprint in the fight against global warming in addition to resolving problems associated with the commercialization of agriculture, food shortage, rural development, restiveness in the Niger Delta, electric power generation, mono-product economy, rapid decline in Foreign Direct Investment, loss of jobs and attendant insecurity.
The Company presently pioneering Nigeria’s entrance into the Renewable Energy Sector of the economy. The Company, is working with the NNPC, seven (7) state governments, the European Economic Development Council (EEDC) and the Canadian Development Corporation (CDC) to establish seven (7) 200 KLPD fuel ethanol refineries in various parts of Nigeria. Each refinery together with the associated farm for feedstock production will directly employ 8,000 Nigerians in additions to creating 40,000 indirect jobs.
- The Nigerian National Petroleum Corporation —- Regulator and Product Off-taker
- The Economic Community of West African States ECOWAS) —- Political Support
- The Institute of Agriculture Research, ABU Samaru —- Feedstock Research (local).
- National Animal Production Research Institute, ABU Zaria —- Animal Husbandry Research
- International Crop Research Institute for the Semi-Arid Tropics (ICRISAT) India —- Feedstock Research and Commercialization Advisory (International)
- Praj Industries, Pune India —- Feedstock Commercialization and Refinery Technology Support
- African Export-Import Bank (AFREXIM), Cairo —- Financial Advisory Services & Funds Management
- ECOWAS Bank for Industrial Development, (EBID) Lome Togo —- Loan Portfolio Management (Regional)
- African Biofuels and Renewable Energy Fund (ABREF) Lome Togo —- CDM Partner and Project Consultant (Continental)
- US Exim Bank —- Funding of US Project Development Component
- China Export Credit Insurance Corporation (SINOSUR)
- China Exim BANK —- Funding of Chinese Project Development Component.
- John Deere International, Switzerland —- Farm Machinery Technology and Training Support
- Akintola Williams Deloitte —- Reporting Accountant & Auditor
- First Bank of Nigeria Plc —- Financial Advisory and Fund Arrangement Co-ordination
The Company has been working with the International Crop Research Institute for the Semi Arid Tropics(ICRISAT) of India (www.icrisat.org), the Institute of Agricultural Research, ABU Samaru, Zaria, and Praj International Ltd (www.praj.net) also of India to propagate the use of sweet sorghum as the most promising feedstock for the commercial production of fuel ethanol.