REGULATION OF RENEWABLE ENERGY: A FEASIBLE SOLUTION TO INSUFFICIENT POWER GENERATION IN THE NIGERIAN POWER SECTOR

The access to clean energy is crucial for the socio‐economic growth and poverty eradication of every nation. However, Nigeria's power sector has been plagued by issues such as inefficient generation and distribution of electricity, leading to a shortfall in meeting the energy demands of the populace. This has resulted in a decrease in the standard of living and limited the country's economic growth potential. Despite efforts to increase power access, progress has been limited. In light of these challenges, this study aims to provide an overview of renewable and sustainable energy's potential, regulation, development, and challenges that hinder its maximum utilization for increased power generation. Ultimately, this work seeks to provide solutions to the poor state of power in the country.