Experts estimate that by 2060, the country’s population will surpass that of the US. This progress the country is making in different spheres (including Nollywood and Music) is indicative of a steady forward movement.
While on the one hand Nigeria is tackling challenges like inflation, a moderate growth rate, etc, on the other it has leapfrogged progress in the renewable energy segment – an important indicator of strong growth headwinds.
For Nigeria, which is scoping large scale electrification, renewable energy is a blessing. The best benefit of RE is that it can be set up as decentralised grids through what are popularly known as mini-grids.
For example, the solar segment has made multi-layered drives in the country, and even industries are moving towards solar power.
However, amidst these dynamic changes, a considerable knowledge, technology, funding, and trend awareness gap persists. This is where a high-quality exhibition/conferences such as PowerElec Nigeria plays a crucial role.