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7. Challenges Towards Renewable …… Cont’d• Zero Resource Cost:- Apart from bioelectricity, resource for RE electricity is free. Eventhough this is an advantage for reducing the operating cost of REelectricity systems, the challenge is to make RE electricity systemsoverwhelmingly competitive.• High Initial Investment Cost:- RE electricity systems have high initial cost. This has limited thepenetration of the system into the electricity market.• Deregulated and Liberalized Energy Industry:- With the deregulation and liberalization of the energy sector inNigeria, a conducive atmosphere is created for appropriate tariffson electricity services in the country. This opportunity wouldenable RE electricity to be competitive in the market, in themedium to long term.• Adequate Policy Framework on RE:- Having approved the National Energy Policy a major challenge isto get the National Energy Masterp;an to also be approved andProf. A. S. Samboimplemented.44
8. THE WAY FORWARD• Approval of the National Energy Masterplan• Institutionalization of the National Energy Policy and theNational Energy Masterplan through an Act of theNational Assembly for sustainability.• Establishment of a Renewable Energy Fund to serve as theinstrument for the provision of financial incentives to localmanufacturers, suppliers and users of RE electricity,especially with reference to the rural areas.• Provision of adequate fiscal incentives to local suppliersand manufacturers of RE electricity system components.• Sustenance of the energy sector reforms by successivegovernments.Prof. A. S. Sambo45
Page 8 and 9: Introduction ………. Cont’d•
Page 10 and 11: 2. Development of the National Ener
Page 12 and 13: 2. The Policy Framework on Renewabl
Page 14 and 15: 4. NATIONAL ENERGY MASTERPLAN NEMP)
Page 16 and 17: 4. National Energy Masterplan (NEMP
Page 18 and 19: 5. Renewable Electricity Technologi
Page 24 and 25: 5.. Renewable Electricity Technolog
Page 34 and 35: 6. Renewable Electricity Production
Page 42 and 43: 7. CHALLENGES TOWARDS RENEWABLEELEC
Page 46 and 47: 8. The Way Forward ………. Cont
Page 48: Prof. A. S. Sambo48

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