2010•Unpublished venueRequires access

Renewable energy investment in Nigeria: A review of the renewable energy master plan

Udochukwu Bola Akuru, Ogbonnaya Inya Okoro

Abstract

Data for investment into renewable energy resources in Nigeria is mainly unavailable due to over reliance on conventional resources for energy generation. However, recent developments in the energy sector have portrayed a gradual attention to investments in renewable energy resources. This paper reviews the Renewable Energy Master Plan (REMP) which identifies this improvement and presents a draft on how an increase in investment in renewable energy resources will in the long run balance the national energy equation, ensure energy security and promote sustainable development.

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Key concepts: Renewable energy, Renewable energy credit, Energy engineering, Feed-in tariff, Environmental economics, Investment (military), Energy security, Energy subsidies