Nigeria generated second highest revenue from coal making in 2019 | Dailytrust

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.”

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
Media Trust Ltd

Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let me know.

Whatsapp: +234 806 990 3410