The Nigerian Association for Energy Economics (NAEE) has called for localised solutions as Nigeria navigates its energy reforms against rising global geopolitical tensions.
Speaking at the 18th NAEE/International Association for Energy Economics (IAEE) Annual International Conference, experts emphasised the need to tailor energy policies to Nigeria’s unique realities while safeguarding vulnerable populations during the ongoing reforms.
Former NAEE president Prof. Adeola Adenikinju, while commending President Bola Tinubu’s macroeconomic policies as robust and forward-looking, however stressed that the reforms must include protection for Nigeria’s vulnerable groups, cautioning that markets alone cannot ensure their welfare.
Delivering a keynote address at the conference, Dr Adenikinju further highlighted the necessity of investing in infrastructure and expanding access to affordable electricity, particularly through solar energy and greater availability of Liquefied Petroleum Gas (LPG).
He said, “The government is doing well regarding macroeconomic policies and stability. However, in this kind of reform, you must also find a way to identify the vulnerable groups and see how you can protect them. The market will not do that for you.”
In his recommendation, Adenikinju underscored the need to strengthen Nigeria’s infrastructural base and called on the government to ensure that all Nigerians have access to affordable electricity through the deployment of solar energy.
SOURCE: LEADERSHIP NEWS PAPER
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