The beautiful country has a teeming population dominated by youths, Nigeria energy consumption has continued to grow quite fast in recent times.
The country since its independence in 1960 has been plagued with epileptic power supply, this has retarded economic growth and discouraged foreign investments, it has also brought to question the possibility of Electric Vehicles in Nigeria.
Nigeria’s energy consumption is growing high as the population continues to increase, will the energy companies in Nigeria including the Best 14 Solar Companies in Nigeria, live up to the billing in their quest to provide energy? let us have a closer look at Nigeria.
Nigeria, the giant of Africa, is an African country on the Gulf of Guinea, with many natural landmarks, wildlife reserves, and natural resources.
There are beautiful places now being protected by both government and privatte companies, areas such as Cross River National Park and Yankari National Park have waterfalls, dense rainforest, savanna, and rare primate habitats.
One of the most recognizable sites is Zuma Rock, a 725m-tall monolith outside the capital of Abuja that’s pictured on the national currency.(100 Naira note)
A closer look at Nigeria energy consumption
According to worldometer “Nigeria consumed 1,540,259,766,000 BTU (1.54 quadrillion BTU) of energy in 2017. This represents 0.26% of global energy consumption. Nigeria produced 5,952,847,305,000 BTU (5.95 quadrillions BTU) of energy, covering 386% of its annual energy consumption needs”
Nigeria has 12,500 MW of installed generation capacity, being largely dependent on hydropower and fossil (gas) thermal power sources; 12.5% and 87.5% respectively.
Although it is very vital to note that currently only 3,500 MW to 5,000 MW is now available for onward transmission to the final consumers.
Countries with low energy consumption
- Sierra Leone (14.2% of the population)
- Burkina Faso (13.1% of the population)
- Central African Republic (10.8% of the population)
- Liberia (9.8% of the population)
- Malawi (9.8% of the population)
- Burundi (6.5% of the population)
- Chad (6.4% of the population)
- South Sudan (5.1% of the population)
Nigeria has a 10% conservative conversion efficiency, the available solar energy resource is reported to be about 23 times the Energy Commission of Nigeria’s (ECN) projection of what will be the total final energy demand for the country Nigeria in the year 2030.
The country has not been able to meet demand due to its policies, regulations, and management of operations.
Nigeria’s shortage of reliable power supply is a retarding factor in the country’s economic growth. investors are also pulling away from this developing economy, The country needs to diversify its economy beyond oil and gas revenues because that market is volatile,
it is reported that nearly 45% of the country does not have access to electricity, a lot of Nigeria’s energy supply is sourced from biofuels and waste, more the 60% that has power is suffering from constant outages, even with the privatization of huge part of the Nigerian power sector, the electricity companies are still unable to supply a steady supply of energy.