The Renewable Energy Global Status report showed that by the end of 2011, total renewable power capacity worldwide exceeded 1,360 Giga Watt (GW), up to 8 per cent over what it was in 2010. The report added that renewable energy supply constituted more than 25 per cent of total global power-generating capacity, which is estimated at 5,360GW in 2011.
It is estimated that about 60 per cent of Nigerians, especially those living in the rural areas are currently unconnected to the national grid while the on-going reforms in the power sector is designed to ensure that electricity is delivered to all Nigerians, especially those in the rural areas who constitute a greater percentage of those without power, experts have said this cannot be achieved without proper mix of all the energy sources.
It is estimated that by the year 2022, about two million unemployed Nigerians would be gainfully employed if renewable energy is introduced now to complement regular electricity supply.
Speaking during the 2nd Renewable Energy Investment Forum organised by the Bank of Industry and the United Nations Development Programme (BoI/UNDP), in Abuja, the project Manager of the joint forum, Mr. Segun Adaju, said the project would involve a business chain where many people would be fully involved for gainful employment.
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