Dr Uzo Egbuche of the Nigerian Economic Summit Group has urged stakeholders in the private sector to develop solar and other sources of renewable energy to run their industries to maximise cost. She gave the advice in Abuja.
According to her, the development of solar and other renewable energy sources through off grid will enhance low carbon growth in the country.
She said if industrialists and other business owners used solar and other means of renewable energy to operate their equipment, it would go a long way in reducing carbon emissions in Nigeria.
Egbuche said some small business owners operating barbing saloons and telecommunication kiosks in Lagos had started using solar to run their businesses.
She noted it is important for relevant stakeholders to emulate these solar kiosks innovations in order to support the Federal Government in tackling climate change.
President Muhammadu Buhari recently signed the Paris Agreement on Climate Change in New York.
Egbuche said low carbon growth was capable of leveraging the ecosystem for cost efficiency.
“To this end, the development of solar and other means of renewable energy through off grid would enable telecoms to drive technology into rural and urban communities,’’ she said.
According to her, low carbon growth drives rural economy through off grid power by generating power using water wheels without need for dams.