By now, Nigeria should be building a second national power grid as well as regional grids, mini and micro-grids to distribute as much electricity as possible. Moreover, policies should drive private investment in alternative power sources, especially renewables – solar, wind, hydro, tidal, geothermal and biomass.
About 95 percent of international public climate finance is provided upfront before a project is operational. Results-based climate finance, on the other hand, is paid when results are achieved, and occasionally upon meeting interim milestones.
“Yet even as the climate crisis accelerates, Africa needs to close its huge energy access gap and achieve its development goals.”
Despite a 6-fold increase in the data being processed since 2010, data centre energy consumption has only risen by 6% to 2018 (Masanet et al, 2020). How has that been possible, and how does it inform sustainability developments into the future?
We keep hearing about climate change this, climate change that, but what is climate change really, and more importantly what are its effects on everyday life? Climate change refers to long-term shifts in temperature and weather patterns. This shift may be natural but over the last one hundred years human activities have been driving this change rapidly.
Even the regulator, the Nigerian Midstream Downstream Petroleum Regulatory Agency (NMDPRA), headed by Farouk Ahmed, feigned ignorance of such increase, insisting that prices were still the same.
Interestingly, 25 years down the line, AEF has grown to become the most preferred energy meeting by international investors. The event has a loyal following of credible players working in the power space and a track record of delivering a valuable networking experience.
According to Omonfoman, the problem is partly due to the non-implementation of cost-reflective tariffs by the Nigerian Electricity Regulatory Commission (NERC), high technical and commercial losses exacerbated by energy theft, and consumers’ apathy to payments because of unfair estimated billing practices by DisCos, and poor metering implementation by DisCos.
Nigeria is the largest and one of the fastest growing economies in Africa, yet despite a wealth of natural resources, the country continues to struggle with acute electricity shortages, which constrain its economic development.
Yet Nigerians have continued to battle poor power supply with the situation worsening last week when the country’s power grid collapsed twice causing a huge black out across most parts of the country.
