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PowerElec Nigeria 2024 to Fuel the Country’s Energy Sector

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Any progressive country in the world needs energy support to move forward. The largest economy in Africa, Nigeria, is no different. For a growing country, its energy sector should grow at double the pace of the economy. To support economic growth, the country has made tremendous progress in energy capacity addition, including renewable energy.

The Nigerian government’s Vision 2030 shows its determination to grow. It has set an ambitious capacity addition of 30,000 MW by 2030.  Of which 30% will be from renewable energy (RE). The country has also set its target to be net zero by 2060. This means an energy transition that will be led by renewables such as solar and wind power.

Capacity addition in generation alone will not be sufficient, it should have a dynamic transmission and distribution network as well.

The government has rolled out plans for a dynamic grid for renewable integration. This grid will comprise 197 GW of grid-connected solar, 11 GW of hydropower, 10 GW of gas, 34 GW of hydrogen, 6 GW of biomass, and about 90 GW of energy storage capacity by 2050.

However, there are gaps and challenges which require focus and solutions. The best way to address the gaps is to bring all the stakeholders under one roof to understand, engage, transfer, and learn from each other. That is the aim of PowerElec Nigeria 2024, a high-powered exhibition-cum-conference.

The high-quality conference titled: “Vision to Action: Pioneering Sustainable Power Solutions for Economic Growth in Africa”  not only aligns with the Vision 2030 of the Nigerian government but will also engage brighter minds from the cross-section.

The Hon’ble Federal Minister of Power, Government of Nigeria, H.E Chief Adebayo Adekola Adelabu will honor the event with his inaugural keynote.

Organized by Verifair, Dubai, and the Africa Solar Industry Association (AFSIA), the event will be held from February 20–22, 2024, at the Landmark Centre, Lagos. This platform is designed to bring together the entire value chain, connect stakeholders, foster collaboration, and drive solutions. More than 125 international companies will showcase their capabilities. Dedicated country pavilions will also offer delegates opportunities to discuss business dynamics and expansion opportunities.

The event will be graced by industry stalwarts like Prof. Dr Olawale OE AJIBOLA, PhD, REngr, FSEA, FIOGR, Director, National Centre for Energy Efficiency and Conservation (The Energy Commission of Nigeria),  Dr. Tinuade Sanda, Managing Director & Chief Executive Officer, EKO DISCO, Arsh Sharma, Senior Energy Specialist, The World Bank,  Mahmud Kura, Managing Director, JOS DISCO, Nigeria, and Edu Okeke, MD, Azura Power West Africa Limited.


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Nigeria, Agriculture, Gender disparity

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Nigeria can boost the economy by $8.1 B by addressing gender disparities

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According to a recent World Bank report, closing gender gaps that exist in Nigeria’s agricultural sector can boost the country’s economy by $8.1 billion annually. This amounts to as much as 2% of Nigeria’s GDP.

Women are 10% less likely than men to work in agriculture in Nigeria, and female farmers produce 30% less per hectare than their male counterparts.

Analysis:

The analysis of Nigeria’s agriculture spending on gender-incidence in agriculture lacks gender-disaggregated data. Improving input provision, extension service programming, and training monetary values can help policymakers prioritize spending and improve agricultural productivity.

Women make up the majority in Nigeria’s agricultural sector, with men being 10% less likely to work and 25% less likely to be primary plot managers. As a result, female producers produce 30% less per hectare than male producers. Nigeria was penalized by this low participation and productivity by 0.6 percent of its GDP annually, or US$2.3. The GDP could rise by up to 2% annually, or about US$8.1 billion, if the gender gap were to be closed. Nigeria must therefore concentrate on increasing the participation and output of women farmers.

According to the Nigeria Gender Diagnostic, three main factors—limited input use, less valuable crop value chains, and less effective farm labor—contribute to women’s lower agricultural productivity. For these gaps to be closed, gender-equitable budgeting must be implemented, as well as fiscal space.

Promoting gender equity:

The Nigerian government is promoting gender equity in agriculture through initiatives like the National Gender Policy in Agriculture (NGPiA), aiming to improve women farmers’ business skills and market access. However, inputs are distributed at rates comparable to gender participation, with male farmers receiving more. This may not encourage female farmers to choose profitable crops, such as cocoa, oil palm, and maize.

The 2018-19 Nigeria General Household Survey reveals that physical input usage is crucial for increasing agricultural productivity. Men use inputs more frequently than women, but women farmers in Southern Nigeria use 34% more fertiliser per hectare. Gender gaps in pesticide use and crop choice also affect productivity. Women farmers grow staple foods, while men focus on cash crops. To close the gender gap, gender-equitable budgeting and fiscal space creation are essential steps.

To address gaps in budget allocation and policy formulation, increase spending on physical inputs, agriculture extension services for women farmers, encourage high-value crop adoption, and invest in gender-disaggregated data collection.


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