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| A bio-fuel production facility. |
Naira) preparation grant for the expansion of green energy and bio-fuels (GEB) bio-refinery in Nigeria. The project according to a statement releases by the African development bank (AFDB) is a pilot of small and medium entrepreneurship fundamentals (SMEFunds) an enterprise based in Lagos, Nigeria and the first bio-energy cooking fuel production facility and distribution network in Nigeria. Specifically AFDB says the SEFA grant would be used for financing technical studies, business advisory studies and a full environmental and social impact assessment in support of the scaling up of SMEFunds/GEB operations, particularly the waste to ethanol cooking fuel production and distribution in Nigeria.
The expansion entails growing the bio-gel production capacity from 1000 to 30,000 liters per day and ramping up the cooking stove manufacturing supply chain four fold over the next couple of years, After the approval MR Joao Cunha stated ""SEFA's support will enable the expansion of the first waste to ethanol and cooking stove operation in Africa. Itself a product of the ingenuity and capacity of African entrepreneurs and by offering a modern low carbon cooking solution GEB is also contributing to improving women and children's health, creating job opportunities and reducing deforestation associated with charcoal production.
Nigeria currently has one of the highest rates of deforestation in the world at over 3.3% per year, wood fuel consumers in Nigeria account for the estimated 100million cubic meters of firewood consumed annually. In addition wood fuel is the main source of heating for 56% of the population.
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