Resources-Blessed but Energy-Poor: A Critical Review of the Paradox of Energy Delivery in Nigeria
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Abstract: Energy is essential for the growth and improved livelihood of any nation. Nigeria, though blessed with abundance of oil and gas, and has good land mass and natural resources for renewable energy, struggles with energy delivery. Many industries have shut down due to high energy cost or unavailability of the energy required to support their operations. Through critical review of existing studies on the Nigerian energy delivery, this study identified that the Nigerian energy challenges stem from infrastructural issues, environmental degradation, inconsistent government policies, poor regulatory framework and limited investments in renewable energy. However, the challenges can be mitigated if there is renewed policy thrust by the Nigerian government, energy incentives, stakeholders’ involvement in decision-making in the sector and diversification of public power supply into renewable energy. As much as Nigeria still struggles with energy delivery from crude oil and gas, it is obvious that the future of energy delivery in Nigeria lies in resort to renewable energy sources.
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