The Energy Giant of Africa?

The Energy Giant of Africa?

Despite Nigeria’s abundance of fossil and renewable energy resources, Nigerians still experience acute energy poverty: they either lack access to modern energy sources or have to cope with inadequate supply and poor quality. Close to 95 million people are fully reliant on traditional wood stoves for cooking, with the attendant health implications, and a large but unknown number of especially urban households rely on generators for their electricity needs. The lack of access to energy is directly affecting livelihoods, lowering quality of life and hurting the economy. Presently, oil and gas contribute over 90% of the nation’s foreign earnings and 70% of federal revenue.

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  • Action Points

    What should be done?

    The National Planning Commission should do a climate review of Vision 20:2020, and consult with Nigerians on a greener Vision 2030.

    Local governments need to start research on their clean energy potentials.

    The Standards Organisation of Nigeria needs to enforce regulation that stops the importation of sub-standard renewable energy technology.

    Our waste can be turned into cooking gas, or electricity. There is money to be made from 'rubbish'. Banks should understand the renewables industry and offer packages for young entrepreneurs at single digit interest rates.

    Unprofessional installation of solar and other systems make the systems fail. A large scale training and research programme is needed to prepare Nigeria for green growth. The money could come from the Crude Excess Account, from the Sovereign Wealth Fund or from the PTDF. see Clean Energy, Green Deal Nigeria study

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