It is only foreseeable that hydrogen has the potential for even greater uses in the future. Thus, Nigeria should recognise the need to position itself at the technology frontier to take full advantage of the opportunities that lie in the energy transition. These opportunities are in the production, transportation, storage and use of low carbon hydrogen.
As countries undergo transition to clean, low carbon sources of energy at a record rate and scale, new technologies are required to replace fossil fuels in an effort to shift in the direction of a carbon neutral economy at the earliest. Being ahead of this transition is a matter of strategic importance for all countries, especially Nigeria, which is one of Africa’s largest economies and is anticipated to rank amongst the top ten economies of the world by 2050. Besides, it is not in doubt that energy resources are amongst the most important assets of any nation. It is recognised that a high rate of industrial growth is a function of the amount of energy available and the extent to which it is utilised. In total, Africa’s electricity consumption grew on the average by 3.1% per year from 1980 to 2001, while the continet’s per capita demand for electricity has declined in comparison to North America and the Middle East. This has made Africa to have the smallest per capita consumption of electricity in the world. Considering these, Nigeria is pursuing an energy transition plan to promote economic…
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