Nigeria prefers coal because it involves lots of heavy construction, which means lots of kickbacks for the political elite. Acemoglu and Robinson's concept of

Nigeria prefers coal because it involves lots of heavy construction, which means lots of kickbacks for the political elite. Acemoglu and Robinson's concept of "extractive elites" is useful here.[1] 1. http://whynationsfail.com/blog/2012/5/1/who-are-the-extractive-elites.html http://whynationsfail.com/blog/2012/5/1/who-are-the-extracti...