Nigeria moves to return to coal exploration

The Federal Government of Nigeria has begun moves that could take the country back to coal mining as the Bureau of Public Enterprises (BPE) announced an opportunity for the sale of five coal blocks in Enugu…..CONTINUE READING

This is despite its net-zero carbon emissions pledge by 2060. BPE in a recent invitation for expressions of interest for the public bidding of five coal blocks, explained that the coal fields were currently being held by the Nigerian Coal Corporation (NCC) on behalf of the Federal Government.

The NCC with its headquarters in Enugu is 100 per cent owned by the Federal Government and was established in 1950. BPE called for a public bid of the five blocks by prospective investors. It identified the blocks as Okpara Coal Biock, the Agwasi Azagba Coal Block, the Amasiodo coal block, Onyeama Coal Block, and Inyi Coal Block.

In the document advertising the fields for sale, BPE stated that the Federal Government had the exclusive rights to mine coal in Nigeria until 1999, when it established a policy and legislation that deregulated mineral exploration and exploitation…..CONTINUE READING