Nigerian Biofuel poilcy and Incentives

The policy aims to help develop the biofuel industry in order to gradually reduce the dependence on imported gasoline, reduce GHG emissions while promoting economic development. Concrete measures include the introduction of a biofuel blend (10% ethanol) and various measures aimed at stimulating market demand for biofuels and promoting their production (e.g. tax exemptions). The policy includes the establishment of a Biofuel Energy Commission and Biofuel Research Agency and a target that by 2020 100% of biofuels consumed in the country will come from domestic production.