Cotonou, Benin — ESI-AFRICA.COM — 10 November 2011 – The establishment of a renewable fund by all tiers of government to support the development of renewable energy and energy efficiency projects is crucial if Nigeria is to achieve its development goals.
Making this declaration in a keynote speech at the 21st annual general meeting of the Nigerian Environmental Society here, Nigerian presidential aide Abubakar Sambo said the energy policy framework to drive the renewable energy market in Nigeria for sustainable development was already in place.
Sambo “’ the special adviser to President Goodluck Jonathan on Energy, and director-general and CEO of the Energy Commission of Nigeria “’ stated that environmental sustainability existed when human activities used nature’s resources at the rate at which they could be replenished naturally. He noted that Nigeria had renewable energy resources in abundance, which should be harnessed to provide adequate energy supply for sustainable development.
He stressed the need to deploy renewable energy technologies in the fight against environmental problems at the local and global levels.
Sambo said the country’s top priority was the need to pass into law a national energy policy and national energy master plan. Meanwhile, the World Bank had offered multi-billion-dollar support to the country to drive its energy and climate change development efforts.