Nigeria, adjudged the most populous country in Africa, is faced with an increasing pressure on its existing natural resources. This has created a virtual and persistent resource supply deficiency. For example, it is estimated that less than 50% of the total population have access to electricity and potable water.

As part of efforts to address the supply deficiency and its attendant environmental challenges, the Government has identified the development and deployment of sustainable technologies as a key driver. Increasingly, the Government is developing plans, strategies, and frameworks around this sector.

Globally, the following industries/sub-sectors are considered as part of the sustainable technologies sector: These are Industrial biotechnology, Environmental engineering, Renewable materials, Sustainable water management, Sustainable Agriculture, and Forestry. However, despite significant potentials, the sustainable technologies sector is largely undeveloped in Nigeria. There is no formal structure/framework in place. 

In 2003, the Federal Government approved the inclusion of renewable energy as part of the Nigerian National Energy Policy and in 2006, launched the Country’s Renewable Energy Master Plan, which identifies considerable potential for generating solar, mini and micro hydro power, biomass, biogas and wind energy across the country. Government launched a project called ‘Light-up Nigeria’, with the aims to provide electricity sources to 232 local government areas, about 30% of the total local government areas in the country. 

According to International Renewable Energy Agency, Nigeria’s renewable energy targets are: 18% of electricity from renewables by 2025,20% of electricity from renewables by 2030,100 MW of small hydro capacity by 2015 and 760 MW by 2025, 300 MW of solar photovoltaic capacity by 2015 and 4,000 MW in 2025,40 MW of wind capacity by 2025 including 5 MW of biomass-fired capacity by 2015 as well as 30 MW by 2025.

The Nigerian Electricity Regulatory Commission (NERC), as mandated to regulate and monitor the power sector has proposed attractive incentives and guarantees to the market for renewable energies. It has simplified licensing processes, land access, and most importantly, a feed-in- tariff that is robust enough to allow for project sponsors and operators to recover their investments. There is also the incentive for complete import duty waiver for parts required for power generation.

EnergyNews
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