By Alex Okoro

OrderPaperToday – The House of Representatives has called for a review of the recent privatization of the Nigerian Coal Corporation to ensure that the exercise met with best-practices.

The resolution of the House followed debate on a motion entitled “Need to Exploit the Abundant Coal Deposits as a Means of Economic Diversification and Job Creation” sponsored by Mr. Chime Oji at Tuesday’s plenary session.

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Mr. Oji expressed worries that the recent privatization of the Corporation has led to erosion of institutional memories and jeopardized its properties and technology.

He decried the huge sums of money the Federal Government spends in regular repairs of gas pipelines which are prone to vandalization and other forms of sabotage and that recent global developments point to the high risk involved in the operation of nuclear power plants.

The lawmaker pointed that Nigeria has a coal deposit of about 2.5 billion tons and that coal mining could provide huge employment to the teeming youths and also contribute to economic diversification.

The motion was adopted following a voice vote that went in favour of the majority and was referred to the House Committees on Privatization, Commercialization and Power for further legislative action.



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