Financing Green Electricity in Nigeria for Economic Growth

Statement Of The Problem

Nigeria, like most developing countries around the world, is confounded with intractable problem of environmental degradation because of inefficient solid waste management mechanism as well as inadequate electricity to power the economy for growth and development. These concurrent problems have defied solution over the years in the face of rapid population growth and urbanisation. Many of the urban centres across the country lack proper waste disposal infrastructure, which results into improper disposal of solid wastes with a huge toll on physical health of the populace and the economy (Faniran, Afon & Dada, 2016). Besides, regular electricity supply has been a major issue in Nigeria. With an unstable and unpredictable power supply from the national grid, citizens are left to generate their own power from low-capacity generating sets that are not environmental-friendly because of dangerous gaseous emission and noise pollution. In this chapter, we examined the use of solid waste as low-cost feedstock to power electricity producing turbines, thereby clearing the environment of the dirt that litter the Nigerian landscape and also increase the capacity of electricity generated for the populace.