Inflation, climatic instability, and conflict will all be permanent side effects of the existing economic model in Nigeria, which is focused on endless development while depleting limited resources like fossil fuels. When it comes to our needs for energy, we do have unlimited resources at our disposal. There is always wind, sun, and tide. The energy equation can be solved if we are able to successfully replace depleting, finite fossil fuels with limitless renewable resources. If renewable energy sources are prioritized, stable prices and long-term growth can be achieved.
Additionally, they provide energy security and aid in the reduction of carbon emissions. Nothing is more obvious than the threat posed by the current growth of fossil fuels. It isn’t politically or economically sensible, not even in the short run. However, it appears that we are confined to a future where financiers and manufacturers of fossil fuels are in control of humanity.
Many people in the fossil fuel business have spent a lot of money on pseudoscience and public relations over a long period of time to downplay their role in climate change and undermine aggressive climate policy. Interests in fossil fuels and their financial backers cannot avoid accountability. The justification for putting off climate action in order to address domestic issues also rings hollow.
We must put a stop to the age of fossil fuels because the climate problem is our top emergency.
Hedging bets is no longer a viable strategy.
Fossil fuels were a losing bet for Nigeria.
The revolution in renewable energy has begun!