THE POTENTIAL, BARRIERS. AND STRATEGIES TO UPSCALE RENEWABLE ENERGY ADOPTION IN DEVELOPING COUNTRIES: NIGERIA AS A CASE STUDY

Authors

  • Afor Avwioroko Consultant, PwC, Nigeria

DOI:

https://doi.org/10.51594/estj.v4i2.1288

Abstract

Renewable energy plays a crucial role in sustainable development strategies, especially for developing countries like Nigeria that face energy challenges. This paper explores how deploying renewable energy in Nigeria can contribute to meeting the country's energy needs, drive economic growth, and support to achieve Nigeria’s environmental sustainability goal. As Africa's most populous nation and largest economy, Nigeria depends heavily on fossil fuels for its energy needs despite having abundant renewable energy resources such as solar, wind, hydro, and biomass. Harnessing renewable energy in Nigeria offers numerous benefits. First, renewable energy offers a pathway to diversify Nigeria's energy sources, reducing dependence on fossil fuels and enhancing energy security. Second, deploying renewable energy can stimulate economic growth by attracting investment, fostering local entrepreneurship and creating job opportunities. Third, transitioning to renewable energy sources helps to reduce greenhouse gas emissions, and alleviate environmental issues associated with traditional energy sources. However, several challenges hinder the widespread adoption of renewable energy in Nigeria. These challenges include policy and regulatory barriers, limited access to financing, inadequate infrastructure, and a lack of technical capacity. Overcoming these obstacles requires a multi-faceted approach, including policy reforms, financial incentives, infrastructure development, capacity building, and fostering public-private partnerships. By drawing insights from successful renewable energy projects and initiatives in other developing countries, Nigeria can develop tailored strategies to effectively harness its renewable energy potential. The application of these strategies offers Nigeria an opportunity to achieve its sustainable development goals, enhance energy access, and promote prosperity. Achieving these goals will also require collaboration from government, industry stakeholders, and civil society.

Keywords: Renewable energy, strategy, Developing countries, Nigeria, Case study.

Published

2023-06-30

How to Cite

Afor Avwioroko. (2023). THE POTENTIAL, BARRIERS. AND STRATEGIES TO UPSCALE RENEWABLE ENERGY ADOPTION IN DEVELOPING COUNTRIES: NIGERIA AS A CASE STUDY. Engineering Science & Technology Journal, 4(2), 46-55. https://doi.org/10.51594/estj.v4i2.1288

Issue

Section

Articles