Renewable Energy Paradigm: Energy Security, Environmental and Economic Implications (A Study of FCT Abuja, Nigeria)

The paper discusses the incorporation of renewable energy sources into the Federal Capital Territory (FCT) of Abuja, Nigeria, in three major aspects, namely, energy security, environmental benefits, and economic effects. The article is concerned with the role of renewable energy to make Nigeria more energy secure, diversified, and less carbon-intensive. It also assesses the potential of job creation in the renewable energy sector, especially in peri-urban and rural societies. The economic feasibility of decentralized energy systems is also considered in the paper, and it is pointed out that the cost can be saved both on consumer and national levels. Nevertheless, the paper not only mentions the possible challenges, including the initial cost of technology adoption, the development of infrastructure, and policy support. The analyses indicate that, although renewable energy has the potential to support energy security, environmental sustainability, and economic development, it still has its challenges, such as the need for more solid policy structures, access to more funding for renewable energy projects, and raising people's awarenessof clean energy technologies. The paper supports the holistic approach to renewable energy policy that will balance energy security, environmental health, and economic development towards a sustainable energy future.