{"id":54121,"date":"2021-11-27T16:00:56","date_gmt":"2021-11-27T15:00:56","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-should-produce-electricity-from-energy-our-time-on-earth-limited-obasanjo-2"},"modified":"2021-11-27T16:15:11","modified_gmt":"2021-11-27T15:15:11","slug":"nigeria-should-produce-electricity-from-energy-our-time-on-earth-limited-obasanjo-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigeria-should-produce-electricity-from-energy-our-time-on-earth-limited-obasanjo-2","title":{"rendered":"Nigeria should produce electricity from energy, our time on earth limited \u2013 Obasanjo"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Former President Olusegun Obasanjo on Friday urged Nigeria to commit to producing electricity from renewable energy.<\/p>\n

The retired General said the time everyone has on earth is limited and stressed that clean carbon-free sources should be harnessed for a safer environment<\/p>\n

He made the comment at the launch of the Olusegun Obasanjo Presidential Library 2MW Solar Power Project in Abeokuta, the Ogun State capital.<\/p>\n

The Owu-born statesman insists solar investment is cost-effective, noting that funds spent on the project were less than two and half years supply of diesel for generators.<\/p>\n

\u201cIn diesel terms, it pays for itself in less than three years. In effect, the electricity it produces after three years is almost at no cost,\u201d he said.<\/p>\n

\u201cBecause it is not emitting any greenhouses gases that diesel generators do, it has the potential to earn carbon credits which are currently priced at $40\/ton.<\/p>\n

\u201cBased on estimated annual production of 2,307,000 KiloWatt hours per year, we can expect to earn nearly $39,589 in carbon credits per year.\u201d<\/p>\n

Obasanjo said the idea that capital is selfish fails to understand the fundamentals of nature and that green, not greed, is good.<\/p>\n

Half of the 17 Sustainable Development Goals (SDGs) touch on the environment, the former Head of State pointed out.<\/p>\n

\u201cOur time on this beautiful earth is limited. In my life, I have sought to be a responsible steward for nature. This facility marks one of the enduring personal legacies I am proud to call my own,\u201d he said.<\/p>\n

He recalled that the UN Climate Change Conference (COP26) was attended by over 1,000 universities from 68 countries and witnessed speeches and renewed commitments to reach zero emissions by 2050, in some cases 2060 and in Nigeria\u2019s case 2070.<\/p>\n

\u201cThis is the best time for all Nigerian universities to sign-up to the United Nations\u2019 Race to Zero campaign, and commit to reducing their carbon emissions to zero by 2050 at the latest.<\/p>\n

\u201cWe hope that by committing to consume renewable energy, we inspire others to follow and still inform others to do their bit for the environment\u201d, Obasanjo added.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Former President Olusegun Obasanjo on Friday urged Nigeria to commit to producing electricity from renewable energy. The retired General said the time everyone has on earth is limited and stressed that clean carbon-free sources should be harnessed for a safer environment He made the comment at the launch of the Olusegun Obasanjo […]<\/p>\n","protected":false},"author":84,"featured_media":54120,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,14,26],"tags":[1570,2140,254,479],"class_list":["post-54121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria","tag-obasanjo"],"yoast_head":"\nNigeria should produce electricity from energy, our time on earth limited \u2013 Obasanjo - Nigeria<\/title>\n<meta name=\"description\" content=\"Former President Olusegun Obasanjo on Friday urged Nigeria to commit to producing electricity from renewable energy. 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