If one percent of Nigeria’s land mass
can be devoted to solar panel, the country will be able to generate
600,000 megawatts of electricity, the project manager of the Bank of
Industry and United Nations Development Programme’s Access to Renewable
Energy Project, Mr. Segun Adaju, has said.
Mr. Adaju, who said this at the Second Renewable Energy Investment Forum
in Abuja, yesterday, said though the country may not be able to power
itself with only renewable energy now, it can do with gradual
development of the sector.
He said: “I think the energy mix in
Nigeria is less than 5 percent from renewable energy. So, over 95
percent of our energy needs is from fossil fuel. It has been estimated
that if we cover one percent of Nigeria’s land mass with solar panels at
25 percent capacity and 40 percent efficiency level, you will generate
600,000 megawatts of energy. In Nigeria, we are generating 4000.”
He added that the renewable energy will
provide more jobs than the conventional power generation method even as
it is good for the environment.
The General Manager Operations of the
Bank of Industry, Joseph Oluwasegun Babatunde said if Nigeria continues
to rely on fossil fuel and hydropower projects, there is no way it can
get to the promise land, adding that the tendency for other nations of
the world is to go towards renewable energy.
He explained that most of the agro-waste products that are thrown away or burnt could be easily converted to energy.
The Access to Renewable Energy Project
is currently engaged in capacity building and raising awareness about
the potentials of renewable energy in Nigeria.
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