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ARTICLE · 28 MARCH 2022

Regulating Renewable Energy In Nigeria

Marcus-Okoko & Co
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Renewable energy deals with power generation from resources such as solar, wind, biomass, and hydropower, etc.

NigeriaEnergy and Natural Resources
Osama Obasoyo
Osama Obasoyo

Overview

Renewable energy deals with power generation from resources such as solar, wind, biomass, and hydropower, etc. They are considered alternatives to more common energy resources such as oil and coal.

The National Renewable Energy and Energy Efficiency Policy (NREEEP), 2015 defines renewable energy as energy obtained from energy sources whose utilisation does not result in the depletion of the earth's resources. Renewable energy also includes energy sources and technologies that have a minimal environmental impact.

The renewable energy industry in Nigeria has experienced tremendous growth and investment is predominantly attributed to the development of technology capable of utilising these forms of energy. The transition toward renewable energy are now viewed as a support and not an end to the more traditional source of revenue (oil) in Nigeria.

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