Expert seeks year biofuel production

As the agricultural sector grapples with shifting economic tides, Chief Executive, SMEFUNDS, Dr. Femi Oye, has called for a strategic pivot toward increased biofuel production and year-round supply of ethanol.

He asserted that the measures are essential to bolstering the farm economy, providing much-needed market stability for growers, and ensuring that energy expenditures remain within local communities.

He noted: “The push for year-round ethanol comes at a critical juncture where farmers are actively seeking expanded market opportunities.”

According to Oye, the transition to higher biofuel blends represents a reliable avenue for increasing farm revenue and revitalising the broader rural landscape.

“Biofuels drive steady demand for corn and soybeans. They create jobs at ethanol and biodiesel plants. They also attract a lot of local investment and keep energy dollars circulating in rural communities, rather than allowing that capital to exit the local ecosystem,” Oye stated.

On Kike Ai application, Oye highlighted how technology is already bridging the gap between energy production and consumer efficiency. He noted that SMEFUNDS has successfully deployed the Kike Ai application, an innovative digital tool designed to optimise how households and businesses interact with energy resources.

“Our Kike Ai application has helped to promote efficient gas usage and drive retail gas sales. By integrating artificial intelligence into energy management, we are enabling better kitchen management and fostering healthy dietary habits for our users. It is about creating a holistic cycle where sustainable fuel production meets intelligent consumption,” Oye said.