Moving beyond fossil fuel in an oil-exporting and emerging economy: Paradigm shift

Okafor, Chukwuebuka C.; Madu, Christian N.; Ajaero, Charles C.; Ibekwe, Juliet C.; Bebenimibo, Happy; Nzekwe, Chinelo A.

doi:10.3934/energy.2021020

Cited by 28 publications

(13 citation statements)

References 24 publications

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“…It must be seen as an appropriate situation in Nigeria to fund and support the entrepreneurial innovativeness aimed at advancing ICT and better health conditions in the country and healing the most impacted services due to the pandemic (Qureshi, 2021;Dwivedi et al, 2020). Further, to fuel this transition, the government should invest massively in entrepreneurship development and develop impactful programs to facilitate business startups, operations, and growth in Nigeria (Okafor et al, 2021). This would address the lack of critical infrastructure and nancial support, which 87% identi ed as a threat to entrepreneurship development in the country.…”

Section: Driving Forcementioning

confidence: 99%

Economic Crisis Management during the Covid-19 Pandemic: The Role of Entrepreneurship for Improving the Nigerian Mono-Economy

Zhang

Sindakis

Dhaulta³

et al. 2022

Preprint

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Being a mono-economic nation, Nigeria is undergoing a tremendous economic crisis due to the increased impact of recession after the global pandemic appeared. The present scenario of COVID-19 and the prevalent economic crisis in Nigeria demand a crisis response. This study develops a crisis response theory that could help Nigeria sustain itself in the present crisis, which is deepening unemployment, poverty, and misery. Entrepreneurship is viewed as a pivotal engine for reinstating the declining economic state of a country. Thus, surveys are put together in this research from different institutions and entrepreneurial ventures to evaluate the impact of COVID-19. This research suggests possible solutions based on entrepreneurial innovativeness for a better future, as it affects Nigeria vis-à-vis its economic relationship with global economic dynamics. The pandemic has worsened the prevailing economic crisis in Nigeria. Entrepreneurship can help the Nigerian economy grow, but the deep roots of corruption and unreliable government policies make it challenging for entrepreneurs to thrive.

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Section: Driving Forcementioning

confidence: 99%

Economic Crisis Management during the Covid-19 Pandemic: The Role of Entrepreneurship for Improving the Nigerian Mono-Economy

Zhang

Sindakis

Dhaulta³

et al. 2022

Preprint

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“…Harnessing these massive gas resources and doing it on schedule would be critical in Nigeria's next decade of existence. The second alternative for Nigeria's successful energy transition, according to Okafor et al (2021), would be to aggressively build the off-grid power and renewables business with international financial backing and technology transfer.…”

Section: Investment Opportunities In Africamentioning

confidence: 99%

“…Switching from fossil fuels to more renewable energy sources in Nigeria and Africa is desirable, but it may not be in the best interests of host countries. Because Nigeria has considerable natural fossil fuel resources, foreign and multilateral organizations cannot afford to discontinue investments to develop the fossil fuel industry, especially gas projects (Okafor, et al, 2021;Vincent & Okowa, 2022).…”

Section: Investment Opportunities In Africamentioning

confidence: 99%

Divestment in Fossil Fuel in Nigeria: The need for a U-turn

Ahmad¹

2022

IJSSMR

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The objective of the paper is to cursory review the issue of divestment in fossil fuels and why African countries and Nigeria in particular need to continue their investment in fossil fuels along with other forms of renewable energy sources in the country. Library research was used in conducting the research via way of extensive reviews of journals, textbooks and other publications. The research was able to establish that the threat of climate change is real and the need for renewable sources of energy is valid, but Africa and Nigeria’s contribution to climate change is within a 5% benchmark and the abundant of crude oil, natural gas among other minerals and investment would be better served by focusing on investment in fossil fuels development

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“…The recomputed substrates' sustainability rank index based on experiments to determine VSR and 𝑌 ̅ 𝑘𝑇 (Table 5) shows that FW (8.503), CD (8.020), FVW (7.692), and PuD (7.407) rank from the most sustainable to the least sustainable substrates. Although the sustainability rank index differs for each of the four substrates the high score range (7)(8)(9) to which they all belong indicates that all the substrates considered are very sustainable for use as biogas production substrates.…”

Section: Substrate Sustainability Rankingmentioning

confidence: 99%

“…This situation is no different in Nigeria given that it exists as a member of the global community. However, due to the lingering problems of poor electricity availability in the country [3,4], increasing cost of crude oil-related products [5], and sustainability issues [6,7,8], there has been a shift (albeit slowly) towards the use of alternative energy generation sources as a means of augmenting or replacing fossil fuelbased energy sources [9,10].…”

Section: Introductionmentioning

confidence: 99%

Biogas substrates performance ranking based on sustainability potential, biodegradability, and yield characterization: the case of an area in Southwest Nigeria

Edem¹,

Olugbade²

2022

Nig. J. Tech.

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The characteristics of biogas materials (BMs) and the preference for their bio-methane production effectiveness and efficiencies differ by geographical location and are currently an active discussion. This study assessed and ranked BMs based on their biogas production sustainability potential. BMs including Cow dung (CD), food waste (FW), poultry dung (PuD), and fruit and vegetable waste (FVW) were selected from an area in South-West Nigeria. Questionnaire responses on six sustainability criteria (𝐶𝑖) [Population, availability, non-competing substrate, acceptability, biodegradability, and yield] were collected for the selected BMs. The criteria preference weight (𝜔𝑖) was determined using AHP, while a part-subjective, part-objective method was employed to score the BMs based on the 𝐶𝑖. The Sustainability Ranking Model (SRM) was formulated to rank the BMs' sustainability performances. 𝜔𝑖 results showed that acceptability and non-competing substrate were the most and least preferred criteria while most to the least sustainable BMs were FW, CD, FVW, and PuD.

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Moving beyond fossil fuel in an oil-exporting and emerging economy: Paradigm shift

Cited by 28 publications

References 24 publications

Economic Crisis Management during the Covid-19 Pandemic: The Role of Entrepreneurship for Improving the Nigerian Mono-Economy

Economic Crisis Management during the Covid-19 Pandemic: The Role of Entrepreneurship for Improving the Nigerian Mono-Economy

Divestment in Fossil Fuel in Nigeria: The need for a U-turn

Biogas substrates performance ranking based on sustainability potential, biodegradability, and yield characterization: the case of an area in Southwest Nigeria

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