Nigeria generated second highest revenue from coal making in 2019

The National Charcoal Producers, Dealers and Exporters Association of Nigeria (NACPDEAN) has said Nigeria generated $73.2m, the second highest revenue from wood coal making across the world in 2019.

The newly-elected President of NACPFEAN, Edu Babatunde, made the disclosure during the national elections and adoption of national working constitution in Abuja.

He stated that the association is making up for every tree fell by planting new ones.

“Global wood charcoal market revenue amounted to $24.2 billion and by 2019; Nigeria was rated second among countries with the highest charcoal trade value in the world after Indonesia, with $73.2 million annual earning followed by Ukraine and Vietnam. embarking on massive afforestation to complement and reduce the depletion of trees caused by deforestation.

While noting that the federal government banned the sale of the product due to lack of massive afforestation to sustain the business, Babatunde said the group is due its best to ensure afforestation is entrenched in the country.

“We are going into serious afforestation where we are not just going to plant the trees and leave them to die, but nurture them and also plant tree crops. This will create more empowerment and employment because without forest cover, we cannot sustain our businesses.”