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Energy commission seeks to upscale hydropower investments in Nigeria

April 20, 2023
in Business News, Nigeria News
Energy commission seeks to upscale hydro power investments in Nigeria
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The Energy Commission in Nigeria in collaboration with UNIDO has organized a one-day capacity-building workshop on accelerating small hydropower renewable energy investments in Nigeria.

This workshop is focused on raising awareness among stakeholders on the viability of small hydropower resources as an effective means of generating electricity and enhancing economic development in Nigeria.

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Renewable energy resource utilization is becoming more prevalent, in society and can be a sustainable way of meeting rising energy demands and consumption.

Nigeria is located within a high sunshine belt and has significant solar energy potential.

The Nigerian Meteorological Agency (NIMET), puts the average annual daily sunshine in Africa’s largest economy is 6.25 hours.

Nigeria is endowed with a tremendous amount of renewable energy resources such as hydropower, solar, biomass and wind.

Among these renewable energy sources, Small Hydropower plants (SHP) hold great potential towards increasing access to affordable electricity and addressing climate change.

Despite this enormous energy potential, electricity access in Nigeria is still low, resulting in a significant gap between supply and demand.

Bridging this gap has brought about this collaboration between the Energy Commission and relevant stakeholders.

There is a need to strengthen policies and partnerships that support the development of the energy sector and open wider pathways to sustainable funding.

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