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Minister of Finance, Kemi Adeosun on Wednesday said western powers are blocking efforts made by Nigeria to improve its power supply.
She said this during a discussion on the importance of addressing infrastructure gaps in developing countries at the World Bank, International Monetary Fund General meetings in Washington.
She said Europe and other world powers have refused to allow Nigeria build a coal power plant, even as it is blessed with the natural resources.
“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,” she said.
“However, we are being blocked from doing so, because it is not green. This is not fair because they have an entire western industrialisation that was built on coal-fired energy.
“This is the competitive advantage that was used to develop Europe, yet now that Nigeria wants to do it, they say it’s not green, so we cannot.
“They suggest that we use solar and wind, which is the more expensive. So yes, Africa must invest in its infrastructure, but we must also make sure that the playing field is level,” she said.