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Access to clean modern energy services is an enormous challenge facing the African continent because energy is fundamental for socioeconomic development and poverty eradication. Today, 60% to 70% of the Nigerian population does not have access to electricity. There is no doubt that the present power crisis afflicting Nigeria will persist unless the government diversifies the energy sources in domestic, commercial, and industrial sectors and adopts new available technologies to reduce energy wastages and to save cost. This review examines a set of energy policy interventions, which can make a major contribution to the sustainable economic, environmental, and social development of Africa's most populated country, Nigeria. Energy efficiency leads to important social benefits, such as reducing the energy bills for poor households. From an economic point of view, implementing the country's renewable energy target will have significant costs, but these can partly be offset by selling carbon credits according to the rules of the ‘Clean Development Mechanism’ agreed some 10 years ago, which will result in indirect health benefits
Nigeria could benefit from the targeted interventions that would reduce the local air pollution and help the country to tackle greenhouse gas emissions. Many factors that need to be considered and appropriately addressed in the shift to its sustainable energy future are examined in this article. These include a full exploitation and promotion of renewable energy resources, energy efficiency practices, as well as the application of energy conservation measures in various sectors such as in the construction of industrial, residential, and office buildings, in transportation, etc
Energy plays the most vital role in the economic growth, progress, and development, as well as poverty eradication and security of any nation. Uninterrupted energy supply is a vital issue for all countries today. Future economic growth crucially depends on the long-term availability of energy from sources that are affordable, accessible, and environmentally friendly. Security, climate change, and public health are closely interrelated with energy. Energy is an important factor in all the sectors of any country's economy. The standard of living of a given country can be directly related to the per capita energy consumption. The recent world's energy crisis is due to two reasons: the rapid population growth and the increase in the living standard of whole societies. The per capita energy consumption is a measure of the per capita income as well as a measure of the prosperity of a nation
Energy supports the provision of basic needs such as cooked food, a comfortable living temperature, lighting, the use of appliances, piped water or sewerage, essential health care (refrigerated vaccines, emergency, and intensive care), educational aids, communication (radio, television, electronic mail, the World Wide Web), and transport. Energy also fuels productive activities including agriculture, commerce, manufacturing, industry, and mining. Conversely, a lack of access to energy contributes to poverty and deprivation and can contribute to the economic decline. Energy and poverty reduction are not only closely connected with each other, but also with the socioeconomic development, which involves productivity, income growth, education, and health
The energy crisis, which has engulfed Nigeria for almost two decades, has been enormous and has largely contributed to the incidence of poverty by paralyzing industrial and commercial activities during this period. The Council for Renewable Energy of Nigeria estimates that power outages brought about a loss of 126 billion naira (US$ 984.38 million) annually. Apart from the huge income loss, it has also resulted in health hazards due to the exposure to carbon emissions caused by constant use of ‘backyard generators’ in different households and business enterprises, unemployment, and high cost of living leading to a deterioration of living conditions
Moreover, according to the Central Bank estimate in 1985, Nigeria consumed 8,771,863 tonnes of oil equivalent. This is equal to about 180,000 barrels of oil per day. Since then, oil consumption in Nigeria has drastically increased. The effect of this increase on the economy relying solely on revenue from oil is tremendous. Also, the Department for Petroleum Resources reported an amount of petroleum of more than 78% of the total energy consumption in Nigeria. In the present predicament as a nation, it is obvious that depending mainly on fossil fuel (petroleum) is not enough to meet the energy needs of the country. Since Nigeria is blessed with abundant renewable energy resources such as hydroelectric, solar, wind, tidal, and biomass, there is a need to harness these resources and chart a new energy future for Nigeria. In this regard, the government has a responsibility to make renewable energy available and affordable to all
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