The Minister of Finance, Mrs Kemi Adeosun, has accused western powers of being a stumbling block to Nigeria’s plan to improve power output through the use of coal. Adeosun said this on Wednesday in Washington during a discussion on the importance of addressing infrastructure gaps in developing countries at the World Bank, International Monetary Fund General Meetings.

She said that improving power supply was the corner stone of the current administration’s goal towards economic development, yet finding it difficult to get support from western community. “We want to build a coal power plant because we are a country blessed with coal, yet we have power problem. So it doesn’t take a genius to workout that it will make sense to build a coal power plant.

“However, we are being blocked from doing so, because it is not green. This is not fair because they have an entire western industralisation that was built on coal fired energy. “This is the competitive advantage that was used to develop Europe, yet now that Nigeria wants to do it, they say it’s not green, so we cannot.

“They suggest that we use solar and wind, which is the more expensive. So yes, Africa must invest in its infrastructure, but we must also make sure that the playing field is level,” she said. Adeosun said that in spite of the need for foreign borrowing to finance the country’s infrastructure gap, the strategy was to get the cheapest money.

She said Nigeria’s debt to GDP remained very low but that the cost of servicing those loans was high. “Right now, we are being very conservative about our debt and we are trying to get the cheapest money possible from multilateral agencies.

We are working very hard to make sure that we get multilateral funds first before we go to the euro bond market, which is a little bit more expensive,” she said. She added that the country’s strategy was to get public private investments because even if Nigeria dedicated five years’ full budget to bridging infrastructure gap, it would still be insufficient.

Meanwhile, a report released by the IMF showed that global debt was currently at a record high of 152 trillion dollars. The Director, Fiscal Affairs Department, IMF, Mr Vitor Gaspar at a news conference, said the debt was 225 per cent of World Gross Domestic Product. The report showed that 100 trillion dollars was debt of the private sector, while the remaining was public debt.

To address the growing problem, the report suggested targeted fiscal interventions in form of government sponsored programmes to help restructure private debt. “Fiscal policy cannot do it alone – a comprehensive action using all three policy prongs, that is monetary, fiscal and structural policy.”

Buhari signs Paris Agreement, seeks help on Lake Chad

http://www.vanguardngr.com/2016/09/buhari-signs-paris-agreement-seeks-help-on-lake-chad/

TheEastActivist:
Please the world is changing so fast so Mrs finance minister follow the trend...

Science has a standard for everything.
To checkmate global warming and ozone depletion there are many technology that has fade out with time to give room for cleaner fuel to power our infrastructures in order to save the earth ozone layer and checkmate global warming.

Sometimes I ask who is advising the woman she looks young but acts so old in the brain. How can in this century you want to use coal to power your country when there are other better way of doing it using solar and wind even ordinary water too.

This woman won't stop disgracing herself and Nigeria at large. So for your mind Na Westerners they hold you .. smh this woman is a joke as one would say apc has graduated the blame game to a whole new level.


#SackKemiNow

TheEastActivist:
Please the world is changing so fast so Mrs finance minister follow the trend...

Science has a standard for everything.
To checkmate global warming and ozone depletion there are many technology that has fade out with time to give room for cleaner fuel to power our infrastructures in order to save the earth ozone layer and checkmate global warming.

Sometimes I ask who is advising the woman she looks young but acts so old in the brain. How can in this century you want to use coal to power your country when there are other better way of doing it using solar and wind even ordinary water too.

This woman won't stop disgracing herself and Nigeria at large. So for your mind Na Westerners they hold you .. smh this woman is a joke as one would say apc has graduated the blame game to a whole new level.


#SackKemiNow

holocron:



Abeg, I follow dey ask O!

TheEastActivist:
Please the world is changing so fast so Mrs finance minister follow the trend...

Science has a standard for everything.
To checkmate global warming and ozone depletion there are many technology that has fade out with time to give room for cleaner fuel to power our infrastructures in order to save the earth ozone layer and checkmate global warming.

Sometimes I ask who is advising the woman she looks young but acts so old in the brain. How can in this century you want to use coal to power your country when there are other better way of doing it using solar and wind even ordinary water too.

This woman won't stop disgracing herself and Nigeria at large. So for your mind Na Westerners they hold you .. smh this woman is a joke as one would say apc has graduated the blame game to a whole new level.


#SackKemiNow

TheEastActivist:
Please the world is changing so fast so Mrs finance minister follow the trend...

Science has a standard for everything.
To checkmate global warming and ozone depletion there are many technology that has fade out with time to give room for cleaner fuel to power our infrastructures in order to save the earth ozone layer and checkmate global warming.

Sometimes I ask who is advising the woman she looks young but acts so old in the brain. How can in this century you want to use coal to power your country when there are other better way of doing it using solar and wind even ordinary water too.

This woman won't stop disgracing herself and Nigeria at large. So for your mind Na Westerners they hold you .. smh this woman is a joke as one would say apc has graduated the blame game to a whole new level.


#SackKemiNow

TheEastActivist:
Please the world is changing so fast so Mrs finance minister follow the trend...

Science has a standard for everything.
To checkmate global warming and ozone depletion there are many technology that has fade out with time to give room for cleaner fuel to power our infrastructures in order to save the earth ozone layer and checkmate global warming.

Sometimes I ask who is advising the woman she looks young but acts so old in the brain. How can in this century you want to use coal to power your country when there are other better way of doing it using solar and wind even ordinary water too.

This woman won't stop disgracing herself and Nigeria at large. So for your mind Na Westerners they hold you .. smh this woman is a joke as one would say apc has graduated the blame game to a whole new level.


#SackKemiNow

TheEastActivist:
Please the world is changing so fast so Mrs finance minister follow the trend...

Science has a standard for everything.
To checkmate global warming and ozone depletion there are many technology that has fade out with time to give room for cleaner fuel to power our infrastructures in order to save the earth ozone layer and checkmate global warming.

Sometimes I ask who is advising the woman she looks young but acts so old in the brain. How can in this century you want to use coal to power your country when there are other better way of doing it using solar and wind even ordinary water too.

This woman won't stop disgracing herself and Nigeria at large. So for your mind Na Westerners they hold you .. smh this woman is a joke as one would say apc has graduated the blame game to a whole new level.


#SackKemiNow

Osmondinho:
APc will continue blaming everyone for their inability to live up to the expectations of their faithful zombies. For me, I have no expectation from this already failed colossal losers.

waiting for 2019 shaaaa

SirJeffry:
How old is this Kemi sef? Let it not be that Buhari made Economics class prefect of one senior secondary school our country's finance minister oo. Hmmm

Blue3k:


Coal is cheap and efficient for the cost. Most modern smoke stacks only allow CO2 and water vapor out with trace elements of other pollutants.

EternalTruths:
This Yoruba woman and her stupid talks.

Western powers can't stop Nigeria from using coal.

What they can only do is to refused to help Nigerians build a Coal powered electricity plant.

But if Nigeria can build it, the Western Nations can't do jack about it.

Therefore she should stop blaming Western Nations for Nigerians technological backwardness.

A useless nation who refused to tap into Biafra's technological advancements after the war because of fear that the Igbos will use that opportunity to develop technologies that will help them to secede.



SuperS1Panther fr3do muri4mig DelGardo Blue3k Sibrah
Genbuhari

For you people I quoted, stop defending this woman out of ethnic sentiment

Nigeria can generate electricity from the following sources

Biogas(Gas from animal and human wastes)
Gas
Sun
Hydro
Wind
Biofuel( Fuel from green grasses)
Plastic Fuel ( Fuel from plastic wastes)

Coal is not a clean source of energy though it is good when converted to industrial chemicals

if only Nigeria will acknowledge the technological prowess of the Igbo nation and support them to develop electricity technologies just the way Ojukwu supported them in the last war