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Nigeria, Africa’s biggest economy with a GDP size of over $475 billion, would require at least $4 billion annually to be able to provide universal access to sustainable renewable energy for its citizens, the minister of state for power. Goddy Jedy Agba at a UN hosted virtual global power sector players’ conference said with the total removal of petrol subsidy by the current administration, renewable energy sources have become more cost-competitive.As Nigerians grapple with the incessant ascension in food prices, it is now no longer speculation that the menace of poor harvest and storage facilities, the disruptions from the coronavirus pandemic, as well as the recent flooding, which eroded several farmlands in the north in 2020 is continuing to reverberate, resulting in an adverse effect on price increases of agricultural commodities in the country.
Nigeria, Africa’s biggest economy with a GDP size of over $475 billion, would require at least $4 billion annually to be able to provide universal access to sustainable renewable energy for its citizens, the minister of state for power. Goddy Jedy Agba at a UN hosted virtual global power sector players’ conference said with the total removal of petrol subsidy by the current administration, renewable energy sources have become more cost-competitive.As Nigerians grapple with the incessant ascension in food prices, it is now no longer speculation that the menace of poor harvest and storage facilities, the disruptions from the coronavirus pandemic, as well as the recent flooding, which eroded several farmlands in the north in 2020 is continuing to reverberate, resulting in an adverse effect on price increases of agricultural commodities in the country. read more read less

3 years ago