Guest Join UsHey Guest,
Welcome, Join our awesome community where you can discuss on various topics :-
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Much More.. or Create an Account

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
No Shipping Link: Nigeria Loses 1.4 Mt Coal Export To Ghana
Quote:By Godfrey Bivbere 

Nigeria has lost opportunity of exporting 1.4 million tons of coal from the middle belt area of the country to Ghana annually, the Nigerian Export Import Bank, NEXIM has said.

Speaking at the Sub-regional workshop and joint committee meeting organized by the Union of African Shippers Council in conjunction with the United Nations Conference on Trade and Development, UNCTAD, Technical Adviser to the Managing Director of the bank, Hope Yongo, said that the logistics of moving the consignment from Nigeria to Ghana is hindered.

Yongo explained that the Ghanaian government needed 2,000 tones every month to power its second coal plant which would have brought the annual coal demand from Nigeria to 1.4 million tones.

He said there is no shipping link along the sub-region, noting that cargo movement amongst the countries in the region had to first go to Europe before finding their way back resulting in very expensive transportation cost.

He also stressed that there is no rail link in the region and that the only means of transportation of goods presently is by road which is more expensive as a result of the condition of the roads and the hindrances along the route.

He further noted that to move 2,000 tons of coal by road every month will require 43,000 trucks, a situation which is unimaginable.

As a result of the hindrances, the Ghanaian government had to resort to shipping the needed cargo from Australia.

Read more at:

Possibly Related Threads...
Thread Author Replies Views Last Post
  MTN Nigeria gets CBN recognition Edoman 0 13 04-15-2019, 11:17 AM
Last Post: Edoman
  OPEC sees tighter 2019 market as Nigeria, others defy cuts Edoman 0 26 04-11-2019, 10:10 AM
Last Post: Edoman
  IMF Ranks Nigeria Second Worst In The World In Use Of Sovereign Wealth Fund Edoman 0 24 04-10-2019, 10:29 PM
Last Post: Edoman
  Mainstream Energy loses N1.8 billion annually to stranded Power Edoman 0 36 04-09-2019, 10:00 PM
Last Post: Edoman
  Nigeria’s economy slipping, says World Bank Edoman 0 35 04-09-2019, 10:23 AM
Last Post: Edoman
  Top 10 Air Traffic Destination In Nigeria Edoman 0 36 04-08-2019, 09:24 PM
Last Post: Edoman
  Nigeria’s Public Debt Grows By 12.25%, Hits N24.387tn Edoman 0 35 04-05-2019, 10:34 AM
Last Post: Edoman
  Nigeria’s Economy Recovering -IMF Edoman 0 47 04-04-2019, 07:46 AM
Last Post: Edoman

Users browsing this thread: 1 Guest(s)


About contripeople

Contripeople forum description.

              Quick Links

              User Links