Financing Renewable energy project in Nigeria A study of rural electrification energy


Developing Nigeria’s energy resources will require a significant investment on the part of the country’s government. Nigeria’s energy poverty should be a thing of the past now that the country has access to a wide range of energy sources, including both fossil fuels and renewables. Over the course of a decade, investment in renewable energy projects jumped from $22 BILLION to $155 BILLION. In a developing country like Nigeria, utility-scale renewable energy projects confront many obstacles. The high expenses, institutional problems, and technical limits are only a few of the issues that are discussed in the study. About 300 people, including energy investors, banks, government officials, and academics and regulators, were given standardized questionnaires. Multiple regressions were used to analyze the data. The results demonstrate that IVs have a substantial deterrent effect on the DV (RE project financing). The expansion of the financial services industry and the promotion of investment in renewable energy resources are two of the most important recommendations.