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Nairaland Forum / Nairaland / General / Politics / Nigeria Govt To Open Up Coal Deposits To Investors—minister (1865 Views)
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Nigeria Govt To Open Up Coal Deposits To Investors—minister by 989900: 9:17pm On May 30, 2016 |
The Federal Government says it plans to open up Nigeria’s abundant coal deposits to investors interested in using coal to generate electricity. The Minister of Solid Minerals Development, Kayode Fayemi, stated this when he featured on the News Agency of Nigeria (NAN) Forum in Abuja. “We actually have coal in abundance in Nigeria, and we have decided in this government that we need to take advantage of it to open it up to investors, who are interested and get them to come and site plants near the coal deposits. “They can then use it to generate the shortfall that we are experiencing in the power supply situation in the country. “And I believe it is only when we have done that, our people even have electricity that we can start talking about the dangers but I don’t think that should stop us from getting power to the people which is a priority for Nigerians right now,” said. He said the government had identified the places it needed to reclaim as part of efforts to boost mining in the country. The minister said the brown field project had been reopened and allocated to people who would work in the areas, adding that the tin mines in Plateau had been privatised. He said the ministry did not have enough money to reclaim all the mining sites in the country. Mr. Fayemi said the N400 million required for the preliminary phase of the work had been captured in the 2016 budget of the Ministry of Power. According to him, the project cannot be realised without the active involvement of the Ministry of Solid Minerals. “We are working with the Federal Ministry of Work, Power and Housing on the Okaba mines and the Onyema mines in Enugu with a view to ensuring that we assist in the coal-to-power generating plants project. “We will site those GENCOs nearer the reserve where they are rather than take them thousands of miles away where you now have to spend money on transmission lines.” Mr. Fayemi said coal was clearly a factor in the energy mix of the country. He spoke of the need to address the power situation in the country considering the role it plays in driving the economy. (NAN) http://www.premiumtimesng.com/business/business-news/204144-nigeria-govt-open-coal-deposits-investors-minister.html 1 Like |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by FirstTImeUser: 9:27pm On May 30, 2016 |
Nice. I hope we will see it soon sha 1 Like 1 Share |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by Ikechu12781: 9:32pm On May 30, 2016 |
Pathetic. Yet again. They are depending on Igbo to save their ass. First they depended on Abia made to save their failing economy aka "buy Nigeria to save Nigeria" Second they now depending on Enugu coal to save their failing power supply. Tufiakwa!!!! They leech of Oyigbo, Asa, Egbema, Ndoni, etche, oguta, ohaji, oru, aguleri, Imoturu, etc now they are planning to start leeching off Enugu as well. I pity the "one nigeria" igbo supporters. In my opinion, they are the dumbest of the dumb. 10 Likes 1 Share |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by wasco24: 9:33pm On May 30, 2016 |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by redsconsult(m): 9:37pm On May 30, 2016 |
Ikechu12781:another wailer spoted.... #operationspotthewailer 7 Likes |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by explorer250(m): 9:45pm On May 30, 2016 |
bastards. this government need to realise that they cannot do without Igbo. look at Jonathan government thrived well because he used elite Igbo minds at the right positions but look at buhari? using a lawyer as a minister for power. let me categorically state this YORUBAS CAN NEVER BE A SUBSTITUTE FOR IGBOS. If it is not Igbo it can never be Igbo. As long as their is shortage of Igbo in Buharies government so shall their be shortage of progress in his government. Yoruba are notorious poor managers, if you want to quote me first tell me the fate of the companies that was "victims" of the indigenization policy. 6 Likes 2 Shares |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by Nobody: 9:47pm On May 30, 2016 |
Right Peg in the right Hole! But I hope IPOB and MASSOB will not engage in bombing the Plants like NDA is bombing the Pipelines?! |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by modath(f): 9:55pm On May 30, 2016 |
explorer250: Let's agree the Ibos are the best thing after sliced bread and they helped Jonathan turn Nigeria to a brand new world that can't be equalled..... Did all the New Roads, New Refineries, Airport Upgrades, Modern Rail Lines, Healthy Savings and 20MW of Electrical power vanish into thin air in the past 12 months? As for your curse, it is a symptom of a deeply disturbed mind, God will heal your troubled soul. 6 Likes 1 Share |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by mesoprogress(m): 9:56pm On May 30, 2016 |
I don't support any further coal mining or Petroleum exploration in South East. We're satisfied the way we are. FG should sort out their issues with ND and remedy their environment. Until we enthrench fiscal federalism and return land and resources to their owners, I don't support further exploitation of our resources. 1 Like |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by Nobody: 9:57pm On May 30, 2016 |
modath:If only they seek his healing. They have to drop all baggage of hate at the cross of Christ first. 3 Likes 1 Share |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by mrvitalis(m): 9:58pm On May 30, 2016 |
Great news This government knows what they are doing Only people blinded by hatred and those who want quick fix won't see this I stand with Nigeria I stand with buhari 1 Like |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by explorer250(m): 10:00pm On May 30, 2016 |
modath: things were moving fine until your buhari and his educated illiterate ministers came to power. 3 Likes |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by explorer250(m): 10:01pm On May 30, 2016 |
modath: things were moving fine until your buhari and his educated illiterate ministers came to power. 1 Like |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by uwa1(m): 10:01pm On May 30, 2016 |
More promises... Pa Lai M. Hope u ll not come and tell us anoda tin when ur brothers refuse to fulfill dis.. |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by explorer250(m): 10:04pm On May 30, 2016 |
sonOfLucifer: Didn't know that you are Yoruba. I thought that you were a satanist when did you start believing in Christ? 1 Like |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by Nobody: 10:12pm On May 30, 2016 |
explorer250:I'm Igbo. I support Biafra. I don't believe in Christ, but I do appreciate all religions. They've got their bad and good sides. The Cross is a dumb tale, but a positive one. 1 Like |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by Nobody: 10:13pm On May 30, 2016 |
explorer250:Fine? NOI predicted what we are going through now. Guess you're more educated than her. |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by modath(f): 10:20pm On May 30, 2016 |
explorer250: Yep,If one has no standards or seen what a working system looks and feels like, we were doing "fantastically good"!! Buhari came and looted the $100bn in the foreign reserves, spoilt all the roads, destroyed the upgraded power installations & rail lines, demolished all the modern hospitals that were built,nuked all the modern airports, and also made sure Otuoke has no potable water... We were doing fine by all Ekpaish standards.. 2 Likes 1 Share |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by explorer250(m): 10:21pm On May 30, 2016 |
sonOfLucifer: wow,never knew that you are from the great tribe. welcome bro |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by explorer250(m): 10:30pm On May 30, 2016 |
modath:madam go and park well joor. the so called looting is media propaganda and besides APC is rebranded PDP. are you trying to tell me that amaechi,fashola and tinubu are saints? I will start supporting buhari when he probes the past heads of states and his tenure as ptf chairman. lest I forget. stop associating yourself with buharis failed government because it can turn you into a failure. 1 Like |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by LouisVanGaal(m): 10:50pm On May 30, 2016 |
mesoprogress:'You don't support'...asif ur opinion matters in the scheme of things...your type complains that the vast resources of Nigeria are under-utilised; now that FG is trying to put 1+1 together, u r foaming in the mouth.. 2 Likes 1 Share |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by omenka(m): 10:59pm On May 30, 2016 |
adeyemi2015:It is only when they do same that we'd know their support of NDA's activities is justified. Ugandans, get ready to bomb your own lands this time since you avowed it is the best way to go. 2 Likes |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by omenka(m): 11:07pm On May 30, 2016 |
explorer250:We have craters the size of Grand Canyon in the middle of your roads, swallowing up vehicles and lives every other day yet you claim Jonathan "Dubaied" your region. I bet Buhari and his ministers dug those craters. Smh. 4 Likes 2 Shares |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by eyeview: 11:45pm On May 30, 2016 |
omenka: Youngman,if I were you I would worry more about the rot your state is being turned into by the cursed governors they've been 'blessed' with. P/s,that you 'uganda' thing is a bit stale and now drab. Get more creative 2 Likes |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by oduastates: 12:57am On May 31, 2016 |
explorer250: Can you show us the study you carried out to prove your point. Or you are depending on prejudiced beer parlour/ village square rubbish. |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by IgboDelta: 12:59am On May 31, 2016 |
Illogical Zombies will be far worse off under Buhari |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by oduastates: 1:17am On May 31, 2016 |
Due to exploration successes, coal has now been discovered in commercial quantities in 14 out of the 36 Nigerian States, namely Abia, Adamawa, Anambra, Benue, Cross-Rivers, Edo, Enugu, Gombe, Imo, Kogi, Kwara, Nassarawa, Ondo, and Plateau Although there are about 22 existing and potential coal fields in Nigeria (Table 1), only few are operational/active (Okaba, Okpara, Onyeama and Owukpe), while some are historical mines (Obwette, Ribadu, Ogbete) and new discoveries are being made. To date,[b] the proven coal reserves in Nigeria are about 639 million tonnes, while the inferred reserve is generally reported to be 2.75 billion tonnes [19, 21- 24], but few authors reported 3 billion tonnes [19], while Adenikinju [1] reported 4 billion tonnes. [/b]Other authors such as Gulloma [14] reported that Nigeria has 360 million tonnes of proven reserve of coal, which is considered lowest among major coal producing countries, with the following million tonnes of reserve; USA (237,295), China (114,500), Australia (76,400), India (40,699), Columbia (6,746) and Canada (6,582). The majority of Nigeria’s proven reserves are located in Enugu and Kogi states. Source :External |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by 989900: 4:59am On May 31, 2016 |
oduastates: Informative! 'Chest beaters' don't read. Even when it is stated that the power generated will be used largely to power the 'source environs' . . . they just have to wail. 1 Like |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by modath(f): 5:56am On May 31, 2016 |
explorer250: Please don't support Buhari, he most likely doesn't need it, he's doing ok without it. maintain your one way facing Oncoming traffic....... you lots aren't discerning, don't read, and do not possess nor apply sound judgement. The looting is media propaganda and Olisa Metuh is crying to refund and truly the economy was doing fine but our IMF economists gave this warning; http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html https://www.nairaland.com/964059/hard-times-await-nigerians-possible Nigeria was doing fine but had to borrow to pay salary http://www.vanguardngr.com/2015/05/nigeria-borrows-to-pay-salaries-with-cash-crunch-worsening/ Then this came out of her mouth after everything. https://www.bellanaija.com/2016/04/jonathans-administration-had-zero-political-will-to-save-but-obasanjo-did-ngozi-okonjo-iweala/ Lest I forget, Jonathan's govt was a failure! Bye 3 Likes 1 Share |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by 989900: 7:08am On May 31, 2016 |
Ikechu12781: |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by explorer250(m): 5:57pm On May 31, 2016 |
modath: May God administer your life the way buhari is Administrating this country. pls say amen to that. |
Re: Nigeria Govt To Open Up Coal Deposits To Investors—minister by modath(f): 6:18pm On May 31, 2016 |
explorer250: With sincerity of purpose and making all efforts to hold it together despite a low income situation, AMEN... I also pray to God that your own life will experience what Otuoke (and the whole ND) is despite having all the God given opportunity to improve between 2010-2015... Amen. |
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