Energy Efficiency

The Cathedral

Introduction

Energy efficiency is largely considered to be one of the key sectors for improving energy access as well as mitigating the country’s greenhouse gas emissions.

As energy demand within the country continues to rise, the government – in addition to improving supply through renewables – is also looking to meet these demands by improving the energy efficiency sector. The National Energy Efficiency Action Plan (NEAP) provides clear targets for improvement, such as lighting, electricity distribution, standards and labels, buildings, and industries. 

Some common areas for energy efficiency measures for buildings and industries in Nigeria include cooling and lighting. For cooling in commercial buildings, using energy-efficient cooling technologies over conventional technologies can provide 40% to 60% energy savings and a simple payback period around two to three years. Energy-efficient lighting provides up to 90% energy savings, depending on the existing conventional technology being replaced with typical simple payback periods that last for around one-and-a-half to three years.

Read more about energy efficiency market opportunities

Resources