TY - BOOK
T1 - TOWARDS A SUSTAINABLE ENERGY FUTURE FOR NIGERIA: REGULATIONS, CHALLENGES, AND OPPORTUNITIES
AU - Afah, Toyin Daudu
AU - Lachman, Anuradha
AU - Aku, Celia Achingye
AU - Anya, Eke Kehinde
AU - Ogundiran, Azeez Akintayo
AU - Best, Rinret Anthony
AU - Orji, Ugochukwu
PY - 2023
Y1 - 2023
N2 - This report provides a detailed analysis of Nigeria’s energy sector, focusing on regulatory frameworks and strategies to achieve 100% electrification by 2030, in line with Sustainable Development Goal 7 (SDG 7). It examines the evolution of Nigeria's power system, assessing current electricity generation and distribution, and highlighting the challenges faced in achieving universal access to electricity. Nigeria, with over 85 million people lacking grid electricity, holds the largest global energy access deficit. The report identifies key challenges such as inadequate generation capacity, outdated infrastructure, financial constraints, policy inconsistencies, and heavy reliance on fossil fuels, despite significant renewable energy potential. The role of the Nigerian Electricity Regulatory Commission (NERC) and the Electricity Act 2023 in addressing these inefficiencies is discussed, alongside major ongoing energy projects led by the Rural Electrification Agency (REA), including hydropower and solar initiatives. The report concludes with a roadmap for achieving 100% electrification by 2030, emphasizing the need for stronger regulations, innovative business models, and increased investment in renewable energy. A coordinated effort among government agencies, the private sector, and international partners is critical for achieving sustainable and reliable energy access for all Nigerians.
AB - This report provides a detailed analysis of Nigeria’s energy sector, focusing on regulatory frameworks and strategies to achieve 100% electrification by 2030, in line with Sustainable Development Goal 7 (SDG 7). It examines the evolution of Nigeria's power system, assessing current electricity generation and distribution, and highlighting the challenges faced in achieving universal access to electricity. Nigeria, with over 85 million people lacking grid electricity, holds the largest global energy access deficit. The report identifies key challenges such as inadequate generation capacity, outdated infrastructure, financial constraints, policy inconsistencies, and heavy reliance on fossil fuels, despite significant renewable energy potential. The role of the Nigerian Electricity Regulatory Commission (NERC) and the Electricity Act 2023 in addressing these inefficiencies is discussed, alongside major ongoing energy projects led by the Rural Electrification Agency (REA), including hydropower and solar initiatives. The report concludes with a roadmap for achieving 100% electrification by 2030, emphasizing the need for stronger regulations, innovative business models, and increased investment in renewable energy. A coordinated effort among government agencies, the private sector, and international partners is critical for achieving sustainable and reliable energy access for all Nigerians.
KW - Nigeria Energy Sector
KW - Power Sector Regulation
KW - Rural Electrification Strategies
KW - Sustainable Energy Access
KW - Energy Efficiency Initiatives
UR - http://dx.doi.org/10.2139/ssrn.5000211
M3 - Book editing
BT - TOWARDS A SUSTAINABLE ENERGY FUTURE FOR NIGERIA: REGULATIONS, CHALLENGES, AND OPPORTUNITIES
ER -