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Solar Report Nigeria - RVO

Solar Report NigeriaCommissioned by the Netherlands Enterprise Agency Sector Study Solar Renewable Energy in Nigeria May 2021 Solar in Nigeria | May 2021 Page 1 Executive Summary Nigeria is the largest economy in sub-Saharan Africa with a GDP of approximately $448 billion. It also has the continent s largest population, estimated at over 200 million. Despite this and being one of the largest oil and gas producing countries in the world, it struggles to provide power.

Demand is driven by residential use and much less by commercial and industrial use, as EIA data on final electricity consumption by sector shows: Nigeria’s largest industrial users are cement manufacturers and (petro)chemical companies. Africa’s largest refinery will come on steam in 2022 and will increase demand as well.

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