According to House of Representative, It is "unacceptable" that Nigeria uses an estimated $5 billion US Dollars yearly to fuel their generators.
So why renewable energy?
Renewable energy is a source of clean energy which is environmentally friendly and is crucial to the economy of the future. We can only be self-sufficient in the energy field when we combine all of our energy resources such as wind, solar, hydro, biomass, biofuel, landfill, sewage gas, solid waste, geothermal energy, ocean energy etc. Renewable energy sources are natural and often replenishes itself. Nigeria needs to invest more in renewable energy as fossil fuel is a diminishing asset.
Why are we so confident?
Nigeria would not be the first...
Latin America’s electricity sector has already begun to wean itself off its oil dependence. According to the Inter-American Bank, Latin America is expected to almost double its electricity output between 2015 and 2040 and will need an extra 1,500 terawatt hours (TWh) of power. That’s a huge amount – enough to power the entire UK’s electricity grid for five years. Practically none of Latin America’s new large-scale power plants will be oil-fuelled, which opens up the field for different technologies.
Also, Countries in Central American and the Caribbean, whom traditionally imported oil, were the first to move away from oil-based power plants, after suffering a decade of high and volatile prices at the start of the century. In some cases, such as the Dominican Republic, that meant a switch to coal, which represents 5% of Latin America and the Caribbean’s TPES. However, growing environmental objections mean that new coal plants are unlikely to be adopted by many Latin American countries in the future.
Why are we telling you this?
Incidentally, Train Nigeria Learn Nigeria, an international skill transfer program in advanced technology has included Advanced Renewable Energy technology as one of its courses for the Asia/ Australia 2018 project. you can find out more at learnnigeria.org
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