Benin Republic is quietly but quickly building a rail line from Cotonou, Benin Republic to Maradi, Niger Republic that could snatch a potential annual business opportunity of 100, 000 teus from Nigeria’s Kaduna Dry Port.
Nigeria has enough coal to give it stable electricity. But for reasons best described as political, the coal deposits aren’t exploited. As a result, the $400 billion economy spends $12 billion a year on fueling petrol generators.
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Yes, a lot of these so-called illegal refineries pollute the environment. But, that is where government should bring in the regulation. I’m talking about a legalization for regulation and taxation scheme.