Business
Nigeria Needs Affordable, Sustainable Energy Resources – Minister
Minister of State for Petroleum Resources, Timipre Sylva, says the country needs affordable, reliable, and sustainable energy resources to eliminate widespread energy poverty and drive economic growth.
Sylva disclosed this recently at the Nigeria-Africa Natural Resources and Energy Investment Summit in Abuja.
According to him, energy poverty is still prevalent in the world, especially in Africa where millions of people do not have access to electricity or clean cooking fuels.
Quoting data from the United Nations, the Minister said about 760 million people lack access to electricity worldwide, with three out of four of them living in sub-Saharan Africa.
He said one-third of the world’s population (about 2.6 billion people) have no access to clean cooking fuels, with over 900 million of these in sub-Saharan Africa.
Sylva also stated that only 48 per cent of the Sub-Saharan African population have access to electricity, while only 18 per cent have access to clean cooking fuels, compared with a global average of 90 per cent and 70 per cent respectively.
Also, the Chief Executive Officer of JRB Solar Investment Limited, Mr Jimoh Badamosi, at the event, stressed the need for partnership between state-owned enterprises and private organisations in renewable energy development to address Africa’s energy crisis.
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