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    HomeTechnologyGreenTechNigeria Has Ended Fossil Fuel Subsidies, Giving Solar Power A Boost

    Nigeria Has Ended Fossil Fuel Subsidies, Giving Solar Power A Boost

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    Solar power in Nigeria is experiencing a breakthrough moment. The poster child for neo-colonialism in Africa, Nigeria is that continent’s largest producer of crude oil. Yet it has no refineries of its own, which means Nigerians pay exorbitant prices for gasoline and diesel fuel shipped in from first world countries. To offset some of the sting of high prices, the government has resorted to subsidies for more than three decades to keep prices at the pump low. Until recently, they cost the government about $522 million each month. In 2022, Nigeria spent $9.7 billion to subsidize imported gasoline.

    Nigeria also suffers from  the lack of a reliable electrical grid. To cope, Nigerians often rely on portable gasoline generators to power their homes and business, Aside from the annoying roar of…

    Read the full article originally published at cleantechnica.com.

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