Despite the importance of energy to Nigeria’s economy, low access to modern energy services remains one of the principal constraints to the country’s economic development, the United Nations Industrial Development Organisation has said.
Banjo spoke during a ‘Public-Private Dialogue Session for Chief Executive Officers and Relevant Government Agencies on the Global Environment Facility -UNIDO Industrial Energy Efficiency and Resource Efficient Cleaner Production Project’ held yesterday in Lagos. “Globally, industries account for one-third of total energy consumption and for almost 40 per cent of worldwide CO2 emissions. The International Energy Agency has emphasized that industries will need to reduce their current direct emissions globally by about 24 per cent in comparison to 2007 levels.
Banjo said a pilot financing RECP-IEE scheme has been executed through the Bank of Industry , while issues around ISO 50000 and 14001 are executed through Standards Organisation of Nigeria . “We hope to support not less than 75 industries across five sectors. We will develop the capacity of the Organised Private Sector and develop not less than 300 Nigerian RECP-IEE experts, he announced.
He, however, embedded within the challenges are opportunities to innovate, optimize, efficiently utilize resources and to lead the way toward a more sustainable future.
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