A finance expert, Prince Steve Ajayi, has advised Africa and Nigeria to embrace usage of nuclear energy which affords an opportunity to secure a clean, reliable, and economically beneficial energy future.
He noted that persistent energy deficit experienced hampers industrial growth and everyday life, despite vast natural resources, unreliable electricity supply and frequent blackouts which continues to limit development.
“With 85 per cent of electricity currently generated from gas-fired power plants and hydropower providing limited support, the country needs a more stable and scalable solution.
“Nigeria’s energy infrastructure needs to be improved. In 2019, only 41.2 per cent of installed power capacity was available for use, and transmission losses reached 7.4 per cent.
“Despite ambitious renewable energy goals, solar and wind contribute less than 1 per cent to the energy mix yet. Hydropower, while a significant contributor, is vulnerable to droughts and seasonal fluctuations. The country’s low per capita electricity consumption – among the lowest in Africa at less than 150 kWh per person – underscores the urgent need for more reliable energy sources.
“Major economies like China and India have turned to nuclear power to stabilise their grids and reduce carbon emissions. Nigeria can follow suit by integrating nuclear energy into its power strategy,” he pointed out.
He noted that unlike solar and wind, which depend on weather conditions, nuclear power provides continuous electricity generation. Large-scale nuclear power plants ensure a stable grid, reducing dependence on costly imported diesel generators and fluctuating gas supplies.
“A reliable baseload power source is particularly crucial for industrial expansion, economic growth, and ensuring that urban and rural areas alike receive uninterrupted electricity. South Africa’s Koeberg nuclear power station has successfully provided stable electricity for decades. Nigeria can achieve similar success by incorporating nuclear power into its energy mix, ensuring long-term energy security and economic resilience,” he said.
He explained that Nigeria has committed to reducing carbon emissions by 20 per cent by 2030 and achieving net-zero by 2050–2070. Nuclear power supports these targets by offering a low-carbon alternative to fossil fuels. It emits just 12 g CO₂ per kWh, compared to 820 g CO₂ per kWh from coal, making it one of the most environmentally friendly large-scale power sources.
“While Nigeria’s climate action plan prioritises solar energy, overreliance on intermittent renewables could lead to energy shortages. A balanced mix where nuclear provides baseload power while renewables contribute intermittently, ensures both stability and sustainability.
