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    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

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    NMDPRA CEO Farouk Ahmed resigns amid corruption allegations

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    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

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    Nigeria Imposes 10% Tax on Short-Term Investment Interest

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    Linkage Assurance Plc Appoints Two New Non-Executive Directors

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    NEM Insurance profit declines despite 54% growth in revenue in FY 2025

    Zichis Agro Firm Lists 600 million Shares On NGX, Rises 9.55%

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    Geregu Power grows revenue by 35% to ₦184.9bn, posts ₦27.25bn profit for FY 2025

    Geregu Power grows revenue by 35% to ₦184.9bn, posts ₦27.25bn profit for FY 2025

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Nigeria Infrastructure Debt Fund Declares ₦4.68 Distribution for Q4 2025

    Airtel Africa  Announces Total Voting Rights

    Airtel Africa Continues $100m Buy-back With New Share Repurchase

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    Again DMO offers N360 billion FGN bond for February

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    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

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    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

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    Anambra to begin payment of new minimum wage.

    Soludo Shuts Onitsha Market for a Week Over Adherence to Monday Sit-at-Home

    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Terrorists attack presidential guards in Abuja after threat to abduct Buhari

    FG Confirms U.S.-Backed Airstrikes on Terrorists Targets in Sokoto State

    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

    NMDPRA CEO Farouk Ahmed resigns amid corruption allegations

    NMDPRA CEO Farouk Ahmed resigns amid corruption allegations

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nnamdi Kanu prison transfer request stalls as court insists on hearing from FG, NCoS

    FPEDL Schedules Brief Power Outage in Anambra for Transformer Upgrade on December 7

    FPEDL Schedules Brief Power Outage in Anambra for Transformer Upgrade on December 7

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

    Federal High Court fixes December 8 to hear Nnamdi Kanu’s transfer request from Sokoto prison

    Senate Confirms Retired Chief of Defence Staff as Defence Minister

    Senate Confirms Retired Chief of Defence Staff as Defence Minister

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    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Dangote Refinery will supply first product to market by July – Dangote

    Why Made in Nigeria Cement Is Cheaper Abroad – Dangote

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    CBN Rolls Out New Cash Rules, Sets Fresh Withdrawal Limits for 2026

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

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    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

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    Anambra to begin payment of new minimum wage.

    Soludo Shuts Onitsha Market for a Week Over Adherence to Monday Sit-at-Home

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Geregu Power Board proposes N9 per share final dividend for FY 2025

    Linkage Assurance Plc Appoints Two New Non-Executive Directors

    Linkage Assurance Plc Appoints Two New Non-Executive Directors

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    NEM Insurance profit declines despite 54% growth in revenue in FY 2025

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    Zichis Agro Firm Lists 600 million Shares On NGX, Rises 9.55%

    Geregu Power grows revenue by 35% to ₦184.9bn, posts ₦27.25bn profit for FY 2025

    Geregu Power grows revenue by 35% to ₦184.9bn, posts ₦27.25bn profit for FY 2025

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Nigeria Infrastructure Debt Fund Declares ₦4.68 Distribution for Q4 2025

    Airtel Africa  Announces Total Voting Rights

    Airtel Africa Continues $100m Buy-back With New Share Repurchase

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

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    Greif Nigeria Plc nears final stage of its voluntary liquidation process

    Greif Nigeria Plc Completes Liquidation, Shareholders Receive Final ₦9 Per Share Payout

    Again DMO offers N360 billion FGN bond for February

    FGN Opens Subscription for December 2025 Savings Bonds at 13.538% and 14.538%

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Silver and other Precious Metals Surges amid Economic concerns

    Silver and other Precious Metals Surges amid Economic concerns

    MTN Nigeria to pay over N200 billion final dividend for 2022

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    Nigerian Exchange Daily Market Report: ASI up by 0.15% on Wednesday

    Domestic Investors dominate transactions on the Nigerian Exchange in September 2025

    Wema Bank Plc rights issue opens for subscription

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    FG lists 4 border points in Ukraine Nigerians can cross to safety

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    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

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Global transition to Clean Energy Sources – Part 1

Impact on the Environment

Monday, 20 April 2020, 6:35 am
in Business, Columnists, Opinion & Analysis, Technology
0
Global transition to Clean Energy Sources – Part 1
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Renewable energy is in no doubt critical to the implementation of the Sustainable Development Goals (SDG) and the global fight against climate change. Most car manufacturing brands are keying in to the global call for the reduction of carbon and green house gas emission through the production of electric cars that would reduce or eventually phase out the use of fossil fuel powered vehicles. The world is shifting gradually to renewable energy, as most countries in Europe plan to phase out fuel driven cars for electric cars by 2025. As part of the process for a sustainable energy future, Tesla has announced that it would donate 50 electric vehicle charging stations across Canada.

Most international oil companies are investing heavily in the Research & Development of renewable energy technologies as part of the process of realizing the sustainable development Goals of climate action, and clean affordable energy by 2030 as stipulated by the United Nations. As the world raises awareness on the impact of climate change, renewable energy, conservation and sustainable practices are integral to environmental stewardship and the global fight against climate change. According to Pope John Paul II “The earth would not continue to offer its harvest, except with faithful stewardship. We cannot say we love the land and then take steps to destroy it for use by future generations”.

The investment and exploitation of renewable energy like solar, wind and other sources remain critical to the global transition towards a clean, green, and sustainable alternatives that would replace the use of fossil as a sustainable energy of the future. In Africa, green and renewable energy are central in tackling energy poverty and climate change for rural communities, corporations, and small businesses across the continent. Multilateral organisation, such as The EU is currently in partnership with Nigeria, to raise awareness on the importance of renewable energy, in implementing the SDGs in Nigeria. EU is in the front line of efforts to champion the adoption of renewable energy in Nigeria, as a major source of energy for power production from the national grid. As part of their renewable energy initiative, EU partnered with UNICEF to provide a solar powered water, sanitation, and hygiene (WASH) facility, in Riyom Local Government Area of Plateau State. This Facility According to the EU provides 4,500 inhabitants in the town access to clean drinking water, better sanitation, and hygiene.

It is well known that one of the factors affecting the ease and smooth running of businesses in Nigeria stems from the unreliable power supply from our distribution companies. However, the provision of access to renewable energy will help maximize profit and reduce the cost of running businesses in Nigeria. The adoption of renewable energy into the mainstream energy production remains the gate way and the future in achieving a sustainable energy future as the saying goes “the future belongs to those who prepare for it today”. In a nutshell, all hands must be on deck if we are to achieve the future we so desire.

Written by

Ojo writes (creative writer @inspire_mention – Instagram Twitter )

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