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'Nigeria fuels 14m generators with $16m annually'

Dr. Segun Adaju, the Chief Executive Officer, CEO, Consistent Energy, and President of the Renewable Energy Association of Nigeria, REAN, claims that Nigeria spends $16 million annually to fuel 14 million generators.

“We need to look at where we are in terms of our competences and comparative advantage for us to achieve the transition,” he said at the (NES#27) Nigerian Economic Summit Group Tuesday in Abuja.

“With 200m cubic gas reserves, Nigeria must leverage on the potential for gas to play a big role in energy sector.

“We must display efficiency on the huge resources we have to power Nigeria.

“Gas for cooking in rural communities will be more efficient and cheaper than using solar power.

“Nigeria is the highest generator user in the world, with 10 to 14 million generators, the highest in the world.

“It spends about $16 million to fuel them every year. So, for me, displacing generators is a way to go.”


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