Renewable energy has been sold as the energy source of the future for sustainable development, but it was not until 2003 that the Nigerian government approved renewable energy as part of its national energy policy.The Federal Government approved the National Energy Policy (NEP) in 2003 to articulate the sustainable exploitation and utilization of all viable energy resources. The policy is hinged on private sector development of the energy sector.
The key elements in the national policy position on the development and application of renewable energy and its technologies are as follows:
• To develop, promote and harness the Renewable Energy (RE) resources of the country and incorporate all viable ones into the national energy mix
• To promote decentralized energy supply, especially in rural areas, based on RE resources
• To de-emphasize and discourage the use of wood as fuel
• To promote efficient methods in the use biomass energy resources Here
• To keep abreast of international developments in RE technologies and applications
For renewable energy to take off and add to national development in Nigeria, policy makers must create incentives for entrepreneurs to make money in the sector.
The Federal Government of Nigeria recently mandated electricity distribution companies in Nigeria to acquire a minimum percentage of electricity from renewable energy sources. See link HERE
The Nigeria Electricity Regulatory Commission (NERC) has also stated that through this regulation, the renewable energy would generate 2, 000mw of electricity in the year 2020. See link HERE
It envisaged that the country would generate at least 1,000 megawatts from renewable energy sources by 2018.
The office explained that Renewable sources are electricity generated from biomass, small hydro, wind and solar energy sources.