The Minister of State, Mines and Steel Development, Mr Abubakar Bwari, while speaking at the Annual Powering Africa: Nigeria Investment Summit on Thursday in Abuja, urged local and foreign investors to channel their investments into the huge deposits of coal in Nigeria to improve power generation, Business Day reports.
Bwari said there were lots of investment opportunities in coal, given the availability of about 30 billion tons of coal resources in the country. He said investments in the resource could support the establishment of coal-fired power plants in the country to bridge deficiencies in power generation. He said that the exploration of coal resources would also result in the provision of other useful by-products.
He said that 163 coal titles existed in the records of the Nigeria Mining Cadastre Office as at August 2017. He said 17 mining leases, 4 small scale mining leases and 142 exploration licences had been granted to investors to operate in Enugu, Kogi, Gombe, Nasarawa, Adamawa, Delta, Edo and Benue states. He said that two coal mines; Maiganga in Gombe, operated by Ashaka Cement Plc and Okobo in Kogi, operated by Zuma 828 Coal ltd, were currently producing in Nigeria.