With over 770 million people without access to electricity as of 2019, the International Energy Agency estimates that 75% of the population without access live in Sub-Saharan Africa (SSA). The SSA has the lowest access to electricity globally .
On the whole, it can be confidently said that Nigeria has, in line with global standards, taken steps to ensure that its digital economy and information technology development are up to today’s international standards. These steps, if effectively implemented, should put the country at the forefront of technological advancement.
The financial decision making around renewable energy projects require the interaction of renewable energy developers with various stakeholders, including the Government. While it is true that the more experienced developers have a fair understanding of the financial markets from which they can easily tap funding resources, the same is not true for start-ups and medium enterprises who generally lack financial leverage.
Omaplex 365: Nigeria 2022 Socio-economic and Technological Outlook Download PDF As with several countries across the globe, Nigeria has had to deal with the many…
Environmental pollution is of considerable concern throughout the world. Consequent upon this, Renewable Energy has become a topic whereby its importance cannot be overemphasized. Nigeria as a nation has borne a lot of challenges in its quest to attain solutions to sustainable energy. This article will critically evaluate the opportunities and benefits associated with renewable energy sources; social and economic development of renewable energy, climate change mitigation caused by renewable energy, challenges faced in the implementation of the renewable energy, current position of renewable energy in Nigeria and the Laws regulating the application of renewable energy in Nigeria.