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| Renewable Energy and Challenges of Development in Nigeria
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Asomba I.U, Ugwuanyi Chigozie F, Nwobodo F.N , Dr. Nnamani Desmod O.
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Abstract:
Renewable energy deficit has over the years ruined socio-economic development in Nigeria, previous administrations have tried to fix this critical sector, which is the major driver of the economy but to no avail. Humongous amount of money and resources were sunk in the sector without positive corresponding results only for the nation to be submerged in unmitigated darkness. While businesses already established were in comatose struggling to recuperate, some are already folding, others have out of frustration decided in relocating to neighboring countries that relish power supply for industrialization, revenue generation and job creation. This intractable situation embraces the usage of Marxian political economy approach as our theoretical propositional analysis. The theory offers understanding of the systemic issues that influences the development of the sector, as a nation at the crossroad in formalistic approach to knowledge; it is incumbent for her to dialectically cogitate relations gap between the economic and non-economic, quantitative and qualitative and between theories of political economy and theories of subjectivity. However, though dialectics itself is not a cut-and-dried methodology but a complex and multidimensional methodology open to a wide variety of interpretations and applications; its efficacy is envisaged in spectrum of analysis of socio-economic interdisciplinary relations for objectivity. Materials for the treatise were sourced from secondary sources. The purpose of the paper is to stimulate wider discussion on mitigating energy gap in Nigeria. The paper recommend that institutionalized weak-willed tools of the government used in fighting corruption be constitutionally strengthened and policies towards this sector holistically implemented in governance so that Nigerians will heave a sigh of relief that the issue of renewable energy deficit, which is a long-term measure approach will be addressed, and in no distant time a mirage.
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