Renewable Sources of Energy for Economic Development in Nigeria

It has become widely acknowledged that the rising environmental and economic cost associated with fossil fuel energy has made renewable energy a basic requirement for the development of Nigeria’s economy. The paper focuses on renewable source of energy for economic development in Nigeria. Specifically, the Nigeria’s energy scene, renewable energy potentials and barriers, as well as various national energy policies were analysed and areas that require attention to achieve sustainable provision of renewable energy were highlighted. Overall, achieving sustainable development in Nigeria lies in addressing the imminent energy crisis facing the country. While fossil fuels have increased in use and declined in supply, excessive usage of fuel wood is already creating environmental problems especially in the Sahel area. But renewable energy brings together climate protection, poverty reduction, and technological progress.