Embracing Associated Risks in the Burgeoning Solar PV Market

Aug 25, 2016

Beyond the federal government’s expressed emotions, Nigeria’s recent approval of an entry feed-in tariff for solar power supply does not foreclose the fact that there are associated risks in the solar photovoltaics technology. Chineme Okafor however examines the country’s readiness for this technology The Nigerian Bulk Electricity Trading Company Plc (NBET) recently approved an entry…

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Nigeria: 100% Renewable Energy is Possible

May 25, 2016

Renewable energy is generally defined as energy that is collected from resources which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves and geothermal heat. Renewable energy often provides energy in some important areas such as electricity generation, heating/cooling, transportation and industrial purposes. Globally, investment in renewable technologies amounted to…

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Petrol Price Increase, Sustainable Transportation and Alternative Fuel for Vehicles

May 22, 2016

The Nigerian economy has borne the huge burden of subsidy payments on petroleum products. Massive importation of light petroleum products (petrol, diesel, and kerosene) continues unabated because the national refineries are working sub-optimally and new ones are yet to be constructed. Recently, government announced its plan to privatize the old and mismanaged refineries, which was…

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Nigeria: The Influence of Fossil Fuel on Democracy

May 22, 2016

From 1956, when oil was first discovered in commercial quantities at Oloibiri in Bayelsa State, the Nigerian government has earned over $600 billion dollars from oil resources. The petroleum industry is a major obstacle to the organic growth of this great country. Some of its sways can be traced to political campaign donations that the…

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Nigeria’s Obsession for Fossil Fuel and its Health Impact

Apr 26, 2016

The year 2015 was the hottest year ever in the history of the earth’s climatologically chronology. This increased temperature can be attributed to global warming resulting from the selfish activities of man especially carbon emitters. As nations scramble to attain global supremacy, nature tends to suffer inadvertently. The consequences of prolonged carbon exposure into our…

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Mobilizing for a Future Without Oil

Apr 20, 2016

In 2009, Margaret Atwood wrote a piece titled ‘The Future without Oil’ for a  German Newspaper, Die Zeit. In that famous article, she said “it’s not climate change, it’s everything change”. That piece which is as relevant today as ever, presents us a picture of a possible future of an earth when fossil fuel is…

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Dwindling Oil Revenues: Economic Implications for Governance, Business and Development

Mar 8, 2016

Oil revenue has been and still is the mainstay of the national economy and is likely to remain so for a long time to come, as it currently provides the bulk of government revenue and most of the foreign exchange earnings. At present, crude oil exports account for about 90 percent of foreign exchange earnings…

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The Investment Case for Mini-Grids & Off-Grids in Africa

Mar 6, 2016

Since the mid-1990s, external finance to Africa’s power sector has averaged only around US$600m per year of public assistance, plus a similar volume of private finance, according to the World Bank. Africa’s critical need for development requires rapid and effective solutions. With the proven economic setbacks of poor access to power, the crisis should be…

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The Need for O&G Companies to Focus on ‘Above Ground’ Factors while OPEC Policies Play Out

Nov 25, 2015

Heading into 2016, oil and gas pundits are finding little to cheer as fears of a ‘super-glut’ of global supply combined with decelerating demand begin to become apparent. As the new Government takes steps to clean up some of the governance issues that have created structural inefficiencies and lost money, companies are faced with finding…

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Five Minimum Conditionalities for Development of Greenfield Refineries in Nigeria

Oct 12, 2015

Currently, Nigeria’s value proposition for investors in refining is import parity pricing, 60% crude oil availability, ample regional demand, a deficit local product market especially for petrol and diesel. However, foreign investors are unlikely to invest in refineries in Nigeria, if the government charges international spot prices for crude oil for domestic processing and consumption.…

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