Remedy to Nigeria Energy Situation

Nigeria is among the most densely populated countries with over 180 million experiencing energy poverty and abject poverty below poverty line in the world. The nation is faced with tough time due to power shortage and outages affecting businesses and domestic consumers in turn hinder economic and social development across the country. The inadequate energy supply due to climate change impacts are impediment to socio-economic development. PV potential use for long-term business growth will significantly reduce costs and a pathway to environmental reduction of climate change impacts affecting the nation.The energy budget is considered due to rising price and electricity bills of which the use will potentially increase electricity supply to avoid future energy shortage. It is for well-being, employment and national market growth as well as investment access to modern renewable electricity. Solar energy is non-polluting renewable resource with energy system is sustainable, scalable and viable. The PV solar system can pay for itself and other overall costs needed to save energy and payback within 3-5 years¿ period from business perspective.