Abstract

Access to clean, modern energy is a major challenge in Africa, with 60% to 70% of Nigeria's population lacking electricity. The ongoing power crisis in Nigeria will continue unless the government diversifies energy sources across domestic, commercial, and industrial sectors and adopts new technologies to reduce waste and cut costs. This paper explores energy policy interventions that could significantly enhance Nigeria's sustainable economic, environmental, and social development. Improving energy efficiency can lower energy bills for poor households, while meeting renewable energy targets may incur costs that can be mitigated by selling carbon credits, as per the Clean Development Mechanism. Targeted interventions could reduce local air pollution, tackle greenhouse gas emissions, and advance sustainable energy through the promotion of renewable resources, energy efficiency, and conservation measures across various sectors.