Energy, Renewable Energy and the Development of Nigeria
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Abstract
The availability of energy services is an enormous challenge facing Nigeria. It is fundamental for socioeconomic development and poverty eradication. Seventy per cent of the Nigerian population does not have access to electricity. The paper discussed energy, renewable energy, and the development of Nigeria. Historical and case study designs were adopted. The doctrinal method was used in data collection. The primary sources of data were the Electric Power Sector Reform Act, 2005, and the Captive Energy Generation Regulations 2008; sources of secondary data were journal articles, published and unpublished work, seminar papers, and newspapers. Data were content-analysed and presented thematically. The study revealed that energy policy interventions, which can make a major contribution to the sustainable economic, environmental, political, agricultural, scientific, educational, and social development in Nigeria, were not adequately carried out and implemented in the country. Energy efficiency led to important social benefits, such as reducing the energy bills for poor households. Implementation of the country's renewable energy target will have significant costs. It concluded that energy is important for human and developmental growth in Nigeria. The adequacy of energy in all parts of the country will reduce poverty and bring more investors to the country. The paper recommended that the relevant laws relating to energy in Nigeria as to private participation in the energy sector be utilised. The rural areas in the country be electrified and renewable energy be given wider publicity with a view to encourage it in lieu of non-renewable energy.
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