Journal of Energy in Southern Africa
On-line version ISSN 2413-3051
AKURU, Udochukwu B and OKORO, Ogbonnaya I. Renewable energy investment in Nigeria: A review of the Renewable Energy Master Plan. J. energy South. Afr. [online]. 2014, vol.25, n.3, pp. 62-67. ISSN 2413-3051.
Data for investment into renewable energy resources in Nigeria is mainly unavailable due to over reliance on conventional resources for energy generation. However, recent developments in the energy sector have portrayed gradual attention to investments in renewable energy resources. This paper reviews the Renewable Energy Master Plan (REMP) which identifies this improvement and presents a draft on how an increase in investment in renewable energy resources, which will in the long run balance the national energy equation, ensure energy security and promote sustainable development.
Keywords : investment; Nigeria; Renewable Energy Master Plan; renewable energy resources; sustainable development.