Nigerians who have refused to develop their coal blocks licenses would have such licenses revoked by the Federal Government.
The decision was the outcome of the meeting held by the National Council on Privatization, presided over by Vice President, Namadi Sambo, in the Presidential Villa.
Briefing state journalists after the meeting, the Minister of Power, Professor Chinedu Nebo, said that there were people who had licenses for coal blocks but were yet to develop them and is costing the country huge sums of money with regards to power production and importation of coal by some companies in Nigeria trying to produce their own power.
Describing the act as unacceptable, he added that the National Council on Privatization under the leadership of the Vice President has decided to make sure that those holding on to these coal blocks are shown the way out of these licenses.
Professor Nebo noted this was causing an embarrassment to the country, as they were sitting on the resources nature had given to the common man.
