'High Investment Cost Hindering Renewable Energy Development' - Prof. Sambo
The Director-General/Chief Executive Officer, Energy Commission of Nigeria, Prof. Abubakar Sambo, has identified high investment costs of renewable energy and inadequate legal instrument for renewable energy development as some of the factors militating against the realisation of the Federal Government's renewable energy policy.
He also identified inadequate local human and manufacturing capacity for RE & EE development and inadequate incentives for the sub-sector as a problem.
He said to overcome the challenges, there should be a popularised policy, plans and incentives that would enable continuous capacity building in both human and manufacturing areas.
Sambo, who was represented by the Director, Renewable Energy, Energy Commission of Nigeria, Prof. E.J. Bolaji, spoke during a two-day workshop organised by the commission and the National Centre for Hydropower Research and Development, which ended on Wednesday in Ilorin.
The workshop was on 'Operational impact of hydropower generation on host communities and lowland areas in Kwara, Kogi, and Niger states.'
He stated that Nigeria was endowed with sources of renewable energy such as solar, wind, biomass, hydropower, geothermal and ocean waves in addition to fossil fuel sources.
According to him, energy from those renewable sources can be transformed to supplement the final energy, from conventional energy, needed to grow the economy in a sustainable manner.
He stated that renewable electricity was expected to contribute up to 20 per cent in meeting the total electricity demand, while biofuel (bioethanol and biodiesel) was to meet between 10 per cent and 20 per cent of the total fuel demand.
He added that firewood would continue to play a significant role in meeting the domestic heat requirements of many Nigerians, saying that however, its contribution was expected to decline over the years.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Saduki Lafiagi Abiodun Abdulkareem Saidu Kawu Joana Nnazua Kolo Musa Aibinu LEAH Charity Foundation Sheu Ndanusa Usman Pius Abioje Fatai Adeniyi Garba Ganmo Power Sub-Station Busari Alabi Alausa Rafiu Ibrahim Sulyman Buhari Yahaya A Paniyaro International Public Sector Accounting Standards Saka Keji Monthly Sanitation Offorjama LAK Jimoh Baakini Garuba Alikinla Shittu Ilorin.Info HAMFAT Clinic And Maternity Osinbajo New Nigeria People’s Party TESCOM 2025 Abdullahi Adisa Akodudu Toyin Sanusi Folorunsho Alao Cassava Growers\' Association AbdulHakeem Ajibola Akanbi Ambassador Kayode Laro Gbadeyan Gbadura Yomi Yahaya Seriki Gambari Abdulmumini Sanni Jawondo Sunset Workers Dankaka Yusuf Zulu-Gambari National Information Technology Development Agency Hijaab Adamu B. Yaqubu Women Radio Bola Olukoju Yahaya Seriki Ado Bayero Kwara Polytechnic Ojuekun Salihu Alhaji Musa SGBN Al-Hikmah Radio Abdulrasheed Akogun Kwara Central Hassan Oyeleke Atiku Ridwan Agboola Alumni Association Of The Federal Polytechnic Offa Mufutau Gbadamosi Esuwoye Egbejila ER-KANG Mining Muhammad Yahya Jimoh Bashir Rafiu Olasile Aliyu Muhammad Saifudeen Ahmed Mohammed Rifun Kayode Laro EndSARS Yakubu Shaaba Just Law Forum KWTV Rotimi Oyedepo Oladipo Akanmu Tolani Iqra Books Shagari Maryam Nurudeen Asiwaju Bola Tinubu Ali Ahmad Funmilayo Zubair

