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Monday, February 25, 2013

Nigeria n coal

Nigeria was a net exporter of coal till just after the discovery of crude oil in the 1960s, today our abundant coal reserves in Enugu and Kogi states do not produce even a ton of coal. We have the 3rd largest deposit of Bitumen in the world, we do not earn a kobo from the verse deposits because of the over dependence on crude oil and lack of foresight by the federal government. Australia generates 84 percent of their electricity from coal fired power plants, in China, South Africa, and Denmark , approximately three quarters of electricity is generated from coal, The United States relies on coal for over half of its electric power. Worldwide, more than a third of the electricity produced comes from coal. Scientist estimate that one million tons of coal remain in the earth's "cellar"- enough to last hundreds of years at the present rate of consumption.

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