Nigeria looks to coal for money and energy despite net zero commitments

We may earn money or products from the companies mentioned in this post. please note that some of the links below are affiliate links, and at no additional cost to you, we will earn a commission when you use one of the links. The company pays us for referral link sharing, which helps us run this blog and give our in-depth content to our readers for free.

The Bureau of Public Enterprises (BPE), Nigeria’s federal agency in charge of privatising public enterprises and liberalising key economic sectors, put five coal mining blocks up for sale last month. This signals the Nigerian government’s plan to revive industrial coal exploration after it ended years ago, with President-elect Bola Tinubu a supporter of clean coal.

The five coal mining blocks are the remaining ones out of nine made available after the federal government deregulated coal mining in 1999 to increase private sector participation. Three blocks were immediately acquired and one has been adopted by the federal government for its coal-to-power pilot programme.

Your browser could not fetch this story

If you are reading this message your browser has Javascript disabled. Please enable Javascript in order to access to this story.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *