Aside from the massive recurrent national grid investments in Nigeria running into several billions of the United States dollar, the country is said to be spending N5tn ($14bn) on off-grid diesel generation yearly, The Punch reports.
Off-grid diesel generation refers to systems that have no connection with the national utility grid, but provide electricity for homes, businesses, or applications. This assertion was made by the Regional Vice-President for Central and Southern Africa, Rosatom, Mr. Viktor Polikarpov, in an interview on Nigeria’s energy investments and the accruing dividends.
According to him, primary energy consumption in Nigeria is largely satisfied by traditional biomass and waste (typically consisting of wood, charcoal, manure, and crop residues) and accounts for 74 per cent of the energy mix. This high share, he stated, represented the use of biomass to meet off-grid heating and cooking needs, mainly in rural areas.
He urged the country to leverage on the nuclear power generation option, saying that for Nigeria to embark on the path of dynamic development, it needed more than 60,000 megawatts to ensure sustainable growth. The Federal Government aims to electrify at least 80 per cent of the country’s population by the year 2035.