The Rise of Green Energy

How Renewable Resources are Shaping a Sustainable Future in Nigeria.

Abstract

This study evaluates the transformative impact of green energy adoption on Nigeria’s economic and environmental landscape. The main objective of the study is to evaluate the rise of green energy and how renewable resources are shaping a sustainable future in Nigeria. The research objectives and questions were formulated to guide the study. The study utilized primary data collected through questionnaires distributed to 150 respondents. The study employed mean and standard deviation as a statistical tool to analyze the data. By analyzing data from questionnaire responses, it assesses the extent to which renewable energy resources contribute to job creation, skills development, local business growth, and cost savings in energy use. Findings show that green energy adoption is widely perceived to benefit local economies, increase employment opportunities, and reduce dependence on traditional energy sources. However, challenges persist, particularly regarding unpredictable financing options and regulatory support, which hamper more widespread adoption and equitable benefits across regions. In other words, high variability in these areas suggests a need for targeted financial programs and streamlined policies to address obstacles and facilitate growth. The study recommends that there should be increase in financial accessibility for SMEs in Green Energy and the regulatory support and streamline policies should be strengthened.