By implication, and in a Transforming Energy Scenario , about 92 per cent of energy sources would become renewable at a cost of $35 billion yearly, even as the document projected solutions to climate change challenges in the country.
“Investment in renewables is more cost-effective than the conventional pathway. The TES has lower investment costs than the PES, $1.22 trillion compared with $1.24 trillion , while delivering the same energy service. For many years, despite abundant energy resources, Nigeria’s electricity supply remained dismal, standing at about 4,500mw, even with privatisation of the sector.
Represented by Permanent Secretary of the Ministry, Monilola Udoh, Mamora stressed the need to adopt energy options that would address challenges of climate change and energy for the country to meet sustainable development goals.
Nigeria is not short of talking but short of doing.