Amidst growing concerns about the environmental impacts of oil and gas activities (eg. carbon emissions), awareness and policy geared towards renewable energy use and energy efficiency is spreading. This places a potential cap to oil and gas demand in the future.
The impact of this transition towards a low carbon economy on energy-deficient and energy- hungry countries like Nigeria (where enhanced energy access and availability is crucial to human well-being and country’s economic growth and development), is a subject of great concern for sustainability.
Consequently, there is a tendency of having rapid evolution and adoption of renewable energy technology (solar and wind) thereby reducing energy costs, changing lifestyles and habits by our large youth population.
All these are expected to impact the economic futures of the affected countries and the future of Energy?