Nigerian minister of electricity, Mr. Abubakar D. Aliyu and his Egyptian counterpart, Mohamed Shaker have signed a memorandum of understating (MoU) aimed at enhancing bilateral cooperation for the two countries in the fields of electricity and renewable energy.
According to a mutual statement issued on Wednesday after the signing, the two countries are expected to provide technical support for the electricity generation sector and the development of electricity transmission and distribution networks, and the transition to smart grid systems.
This is in addition to promoting new and renewable energy systems in the electricity sector, the statement said
In addition to being the most populous country in Africa, Nigeria is among the fastest-growing populations globally, which has led to a rapidly increasing demand for energy.
Recently, the International Renewable Energy Agency (IRENA) developed a Roadmap for Nigeria in collaboration with the Energy Commission of Nigeria (ECN) and analyzed the additional renewable energy deployment potential up to the year 2050, with an additional 2030 focus to aid shorter-term policy development.
The study encompasses all key sectors of the Nigerian energy system to provide additional context for energy policy discussions on how increased ambition in terms of renewable energy – beyond current government policy and targets – can be realised.
Renewable energy can help Nigeria not only meet its energy needs, but also power sustainable economic growth and create jobs while achieving global climate and sustainable development objectives.
”By using its abundant, untapped renewables, Nigeria can provide sustainable energy for all its citizens in a cost-effective manner. Nigeria has a unique opportunity to develop a sustainable energy system based on renewables that support socioeconomic recovery and development, while addressing climate challenges and accomplishing energy security,” IRENA’s director-general, Francesco La Camera said.
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Nigeria’s minister of science, technology and innovation, Dr. Adeleke Olorunimbe Mamora, stated that: “the highly distributed institutional structure of the energy sector in Nigeria means that coordination of policies will be essential to unlocking integrated energy transition planning and ensuring its success.
“A cross cutting agency or body tasked with doing so would be helpful in building consensus and developing a coherent plan which in turn would allow for the scaling up of renewable energy to meet the needs across the Nigerian energy sector.”
The share of primary energy requirements met with renewable energy can reach 47% by 2030 and 57% by 2050, according to IRENA’s report.
Electrification will play a significant role in achieving higher renewable energy shares with electricity in final energy use nearly doubling by 2050 even as investment in renewables will be more cost-effective than the conventional pathway, the report said.