Federal and State Governments in Nigeria have been advised to invest massively in renewable energy for rapid socioeconomic development in the country. A cross section of Speaker at the 2024 Conference of the Renewable Energy Association of Nigeria said the problem facing Nigeria in the adoption of Renewable Energy is affordability for the people.
The President of the Association, Ayo Ademilua while speaking at the opening session of the Conference decried the millions of naira being spent of petrol to supply energy noting that in Lagos alone, there are over four million generators supplying energy for various businesses.
Other stakeholders in the goodwill messages at the event emphasized the need to capture the Energy needs and perceptions of Nigerians and work towards affordable and sustainable energy for the people.
They further called on Federal and State Governments to come up with policies that will encourage renewable energy investments and lower the entry barriers for new technologies and innovations.
Stakeholders also enjoined Legislators to focusing redirect their Constituency projects towards Renewable Energy solutions instead of traditional equipment thus paving way for a more resilient and productive economy.
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