Track: Energy and Resource Efficiency

Abstract

Electricity is widely used to manufacture goods and services in all sectors of the economy. While a country's standard of living and degree of economic development is primarily determined by its energy use, electricity generation and distribution influence productivity and overall economic growth. Unfortunately, many developing nations, like Nigeria, are still unable to supply their populations with enough long-term power, which is essential to enhance their standard of life and fuel economic progress.

Despite being Africa's largest economy, only around 60% of the Nigeria’s 200 million residents has access to electric power. With a rapidly expanding population, it is critical to increase electrical supply to satisfy demand. The Federal Government of Nigeria (FGN) wants to boost access to power from 45 percent to 90 percent by 2030.

This paper examines policies created from 2001 to 2020 to investigate how they increased the country's generation and supply of electricity. The findings demonstrate that, because Nigeria is still in the early phases of economic development, it would be sensible to promote renewable energy to boost the economy, decrease energy poverty, and protect the environment. This may be accomplished by diversifying the country's energy mix and constructing renewable energy power plants.

Keywords

Sustainability, Renewable energy, Construction, Climate change, Energy Poverty, Nigeria