The Country Manager, Africa Clean Energy Technical Assistance Facility (ACE TAF), Chibuikem Agbaegbu, has said high-quality stand-alone solar products are critical to plugging the energy access gap in Nigeria, where at least 77 million people do not have access to electricity.
Nigeria has secured a $1.5 billion loan from the US-EXIM Bank to boost solar power infrastructure in 10 different locations in the country. Chief Executive Officer (CEO) of SUN Africa LLC, USA, Adam Cortese, disclosed this yesterday while speaking with newsmen after a meeting of a delegation of the company with President Muhammadu Buhari.
Currently, one of the pressing issues facing solar adoption is access to dollar and exchange rate. The increase in the price of dollar affects the market value of batteries, inverters and panels. When dollar rises, even those who have old stock add to their prices making it more expensive for people.
While the solar option provides many Nigerians with reliable power supply, many are yet to understand the need for proper disposal of its components. Once these components reach their end of life, users are tempted to simply throw them away in landfills or hand them over to informal recyclers.
From Nigeria’s energy sector, the bad news is coming in torrents. Banks and regulators have moved in on five electricity distribution companies, diesel and aviation fuel prices have risen four-fold, threatening businesses, and the cost of subsidising petrol is climbing even higher despite an official increase in pump head price.
Energy poverty is a growing global challenge with significant adverse effects on well-being and health. However, its social impacts on vulnerable population in deprived communities have been largely ignored.
Despite the necessity to reduce carbon footprint in the country and continent, for many businesses in Nigeria, the greater concern is how to generate adequate electricity to sustain business operations and remain a going concern. Deploying renewable energy is however necessitated by the need to reduce energy cost at a time diesel prices are bringin
Chief Executive Officer, CEO, TD Africa, Mrs. Chioma Ekeh has said Nigerians need digital power solutions to drive down energy cost which has not only clipped people’s comfort but also bogged down economic developments
The average Nigerian has been plunged into excruciating poverty and massive energy deficit despite 64 years of fossil fuel extraction and exports. Politicians cannot convince anyone that two more decades of destructive extraction and pollution would suddenly turn the horrible indices around.