Powering Nigeria Through Renewable Electricity Investments: Legal Framework For Progressive Realization

Abstract

Renewable energy has a prominent role in promoting energy access
and addressing environmental concerns with energy use in Nigeria.
However, there are legal barriers that have not allowed renewable energy
to be used in the Nigerian electricity sector. The absence of an effective
legal framework to encourage and promote investment in renewable
energy is a major challenge. This article investigates the barriers to
promotion of investment in renewable electricity in the country. These
barriers include the lack of unison and clarity of roles for institutions
relevant to the promotion of renewables, high cost and lack of funds,
inability of consumers to bear the cost of subsidies, lack of priority access
and connection to the grid, short licensing duration, and lack of adequate
and reliable information, which consumers, investors and the government
can rely upon. To address these concerns, and to make investments in
the renewable energy sector more favourable, there is the need to develop
an effective legal framework that addresses barriers to investment in
renewable electricity. This article presents insights on how the law can
be used as an instrument for realizing the development of renewable
electricity in Nigeria.