The President of the Renewable Energy Association of Nigeria, Mr Segun Adaju gave an insight on the business of energy in respect to Nigeria and the new year 2020.
Mr. Segun said the energy sector in Nigeria has a lot of potentials that can only be reached with consistent effort in improving the supply mix, with a key role by the renewable energy.
He suggested that the country should focus on achieving a 40% renewable energy by the year 2030, with emphasis on sustainability in line with the United Nation’s Sustainable Development Goals.
Adaju said there are over 200million citizens in Nigeria, a large penetrable market for distributed energy and renewables.
Electricity is a major economic boost which helps most businesses run effectively. It is in view of this that He acknowledge the Rural Electrification Agency (REA) for recently launching some mini-grids to electrify rural communities.
He concluded that Nigeria being a signatory to the Paris Accord, is doing well in terms of policies and legislations to ensure revolution in renewable energy technology.