•Targets to save 40% Gas, 65% Oil needs In less than 28 years from now, Nigeria will not necessarily need natural gas and crude oil to meet its energy demand as renewable energy is projected to provide 60 per cent of the country’s energy demand.
The development is projected to enable Nigeria to save 40 per cent in natural gas and 65 per cent in oil needs at the same time. But the new plan is projected to achieve the country’s energy demand and also offer opportunities to achieve net-zero.Nigeria’s electricity grid is currently heavy on fossil fuel with 80 per cent of the electricity coming from gas-fired plants amidst energy crisis that deprives almost half of the population access to electricity.
They were also hopeful that the plan would spur economic development, industrial development, job creation, investment and provide leeway to net-zero and sustainable development.
Source: Energy Industry News (energyindustrynews.net)
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