Download alternative means of energy sector investments in nigeria

SUSTAINABLE APPLICATION OF SOLAR ENERGY
AS SMEs IN A DEVELOPING NATION
Udochukwu. B. Akuru, B. Eng
International Centre for Basic Research, 20 Limpopo Street, FHA, Maitama, Abuja
e-mail: [email protected]
&
Prof. Alex. O.E. Animalu, FAS, FSESN, FNIP
International Centre for Basic Research, 20 Limpopo Street, FHA, Maitama, Abuja
e-mail: [email protected]
Abstract
That: “The energy sector is meant to be the bedrock of a nation's economy”, in
addition to the fact that, “economic development and GDP finds a common factor
to compare with a country’s energy output”, is not new. Therefore, for a
productive economy and for rapid and secure economic advancement, the
country must pay maximum attention to the optimal development and utilization
of her energy resources and to the security of supply of her energy needs. To
achieve this, a country therefore requires an efficient and productive energy
sector investment. Developing countries like Nigeria have over the years relied
government-sponsored energy sector investment with a track record of
inefficiency. This paper presents a knowledge assessment report (curled from
the recent USA and Nigerian Academy of Sciences collaboration) on the
feasibility of science-based private-sector (PSP) driven enterprises by
entrepreneurs for delivery of solar-power for basic needs including water and
health to homes and communities in Nigeria at affordable cost in order to
encourage government to put in place policies that could engender privatelydriven investments in Small and Medium-scale Enterprises (SMEs).
Consequently, this form of investment in solar energy, a renewable energy
source, is seen to be sustainable as against much of the current energy supply
and use, based, as it is, on limited resources of fossil fuels, which is deemed to
be environmentally unsustainable e.g. the wasteful and harmful emission of
greenhouse gases through gas flaring.
Keywords:
Solar
Energy/Power,
Sustainable
Government, SME and PSP.
Energy,
Investment,