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Nairaland Forum / Nairaland / General / Politics / Coal: Nigeria Spends $12 Billion Per Year Fuelling Petrol Generators, Loses $29 (478 Views)
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Coal: Nigeria Spends $12 Billion Per Year Fuelling Petrol Generators, Loses $29 by Nobody: 10:08am On Sep 26, 2019 |
Nigeria has enough coal to give it stable electricity. But for reasons best described as political, the coal deposits aren’t exploited. As a result, the $400 billion economy spends $12 billion a year on fueling petrol generators. “Lack of access to electricity and unreliable electricity supply are key constraints to doing business in Nigeria,” the International Monetary Fund said in its latest economic report on the country. It estimated the annual economic loss at about $29 billion. In a 2014 World Bank survey, 27% of Nigerian firms identified electricity as the main obstacle to doing business." "To keep out the darkness, households own and operate an estimated 22 million small gasoline generators, whose combined generating capacity is eight times higher than on-grid supply, according to a June 2019 presentation by Dalberg, a global policy and advisory firm. Businesses and individuals spend about $12 billion a year, twice the country’s annual infrastructure budget, fueling these generators. Gas, which Nigeria currently depends on, is readily available, despite the fact that Nigeria has the 9th largest reserves of natural gas in the world." Coal is available in 12 states, chiefly in the former Biafran capital Enugu. Since the Nigerian Civil War, there has been less political will in exploiting the coal to solve Nigeria’s energy problems. So, the coal just lies there unused while the nation gropes in darkness. Yet more developed economies like US, China, Germany and South Africa use it readily. It is a pity that the answer to our electricity problems is right there in front of us. But we refuse to use it. https://www.igbodefender.com/zikistmovement/2019/09/26/coal-nigeria-spends-12-billion-per-year-fuelling-petrol-generators-loses-29-billion/https://www.bloomberg.com/news/articles/2019-09-23/nigeria-runs-on-generators-and-nine-hours-of-power-a-day |
Re: Coal: Nigeria Spends $12 Billion Per Year Fuelling Petrol Generators, Loses $29 by Sunofgod(m): 10:10am On Sep 26, 2019 |
Also note we are the largest exporter of charcoal. Something we produce by chopping down trees and burning the wood. Yet it's rare to see people cooking with normal coal which is a cheap readily available source of energy. |
Re: Coal: Nigeria Spends $12 Billion Per Year Fuelling Petrol Generators, Loses $29 by Nobody: 11:19am On Sep 26, 2019 |
Sunofgod: It is saddening, I tell you. |
Re: Coal: Nigeria Spends $12 Billion Per Year Fuelling Petrol Generators, Loses $29 by Inteltower: 11:50am On Sep 26, 2019 |
please do your homework coal has its health/environmental detriments. US uses coal but not on a general scale.. because it has severe health implications |
Re: Coal: Nigeria Spends $12 Billion Per Year Fuelling Petrol Generators, Loses $29 by Nobody: 5:38pm On Sep 27, 2019 |
Truth is what you should stop running from |
Re: Coal: Nigeria Spends $12 Billion Per Year Fuelling Petrol Generators, Loses $29 by Nobody: 5:41pm On Sep 27, 2019 |
Inteltower: Coal is the biggest supplier of energy for electricity to the US. Don't try to bamboozle people please. |
Re: Coal: Nigeria Spends $12 Billion Per Year Fuelling Petrol Generators, Loses $29 by Inteltower: 8:05pm On Sep 27, 2019 |
igbodefendercom: yea I guess you forget they are going green they also use nuclear energy & water to power their electricity. so talk Wetin you know you haven't even answered my question of the health hazards of using coal Mr bamboozle |
Re: Coal: Nigeria Spends $12 Billion Per Year Fuelling Petrol Generators, Loses $29 by Nobody: 8:40pm On Sep 27, 2019 |
Inteltower:Please keep walking. |
Re: Coal: Nigeria Spends $12 Billion Per Year Fuelling Petrol Generators, Loses $29 by Inteltower: 8:50pm On Sep 27, 2019 |
igbodefendercom: typical reply from a person who can't accept his flaws |
Re: Coal: Nigeria Spends $12 Billion Per Year Fuelling Petrol Generators, Loses $29 by Nobody: 9:03pm On Sep 27, 2019 |
Inteltower:Whatever you say. Just go. |
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