Western Powers Are Blocking Nigeria’s Power Solution — Says Finance Minister, Kemi Adeosun

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, according to the News Agency of Nigeria (NAN), said this on Wednesday, in Washington DC, United States, during a discussion on the importance of addressing infrastructure gaps in developing countries at the World Bank, International Monetary Fund General Meetings.

She said though improving power supply was the cornerstone of the current administration’s goal towards economic development, yet the government was 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 work out 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 Nigeria wants to do it, they say it’s not green, so we cannot.

“They suggest that we use solar and wind, which is more expensive. So yes, Africa must invest in its infrastructure, but we must also make sure that the playing field is level,” she said.

Credit: Nigerian Tribune

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