Renewable Energy in Sustainable Electricity and Economic Development: The Case of Nigeria

Ekpobodo Raymond Ovwigho, Yuri Chepurko, Oleg Y. Kazenkov, Dmitrii N. Ermakov, Sinivie Progress Onini and Bashir Aliyu Yauri
Additional contact information
Ekpobodo Raymond Ovwigho: Peoples Friendship University of Russia (PFUR), Engineering Academy, Department of Engineering Business and Management/ Space Technology, Moscow, 117198, Russia,
Yuri Chepurko: Polyus Research Institute of M.F. Stelmakh Joint Stock Company, Russia,
Oleg Y. Kazenkov: Polyus research institute of M.F. Stelmakh Joint Stock Company, Moscow, Russia,
Dmitrii N. Ermakov: Peoples Friendship University of Russia (PFUR), Engineering Academy, Department of Engineering Business and Management/Space Technology, Moscow, 117198, Russia,
Sinivie Progress Onini: Peoples Friendship University of Russia (PFUR), Economics Faculty, Department of Management, Moscow, 117198, Russia,
Bashir Aliyu Yauri: Peoples Friendship University of Russia (PFUR), Faculty of Physical Mathematical and Natural Sciences, Department of Applied Informatics and Probability Theory, Moscow, 117198, Russia.

International Journal of Energy Economics and Policy, 2020, vol. 10, issue 1, 165-169

Abstract: The article is devoted to the potential role of renewable energy in the grid of the future electricity generation and economic development in Nigeria. The article further observed that it is also important to examine the economics of a variety of potentially competing technologies including market demand, flexible generation, and improved operational practices of electricity in Nigeria. In addition, while there are clear benefits of using energy storage to enable greater penetration of natural resources, it is important to consider the potential role of renewable energy in relation to the needs and demands of the electricity in Nigeria. Nigeria, which gained sovereignty since October 1, 1960 did not have its own stable electricity. Hence, the article is concentrated on renewable energy as a source of sustainable electricity and economic development. The authors were interested in renewable energy due to the huge demand of electricity in Nigeria and at large, in Africa. The natural resources have no limits to human environment or space (surface). Hence, the article attempts to find solution to the problem of electricity through renewable energy. The article further emphasizes on the important use of natural resources for building modern economy and technology advancement. The article discusses the importance of renewable energy and energy demand for electricity generation as a factor of diversification of national economy. Significant place is given to the interdependence of the renewable energy with the needs of sustainable electricity generation and economic development.

Keywords: Renewable energy; Energy; Sustainable electricity; Economic development (search for similar items in EconPapers)
JEL-codes: O33 Q42 Q47 Q48 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/8836/4769 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/8836/4769 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2020-01-25

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().