Former President Olusegun Obasanjo called on Nigeria on Friday to commit to generating electricity from renewable sources.
The retired general said the time everyone has on earth is limited and stressed that clean carbon-free sources should be used for a safer environment
He made the comment at the start of the Olusegun Obasanjo Presidential Library 2MW Solar Power Project in Abeokuta, the capital of the state of Ogun.
The Owu-born statesman insists that solar investments are cost-effective, noting that funds spent on the project will provide diesel for generators in less than two and a half years.
“With Diesel, it pays for itself in less than three years. In fact, the electricity it produces after three years is almost free, ”he said.
“Because it doesn’t emit greenhouse gases like diesel generators, it has the potential to earn carbon credits, which are currently at $ 40 per tonne.
“Based on an estimated annual production of 2,307,000 kilowatt hours per year, we can expect to earn nearly $ 39,589 in emissions certificates per year.”
Obasanjo said that the idea that capital is selfish does not understand the fundamentals of nature and that green, not greed, is good.
Half of the 17 Sustainable Development Goals (SDGs) concern the environment, emphasized the former head of state.
“Our time on this beautiful earth is limited. In my life I have tried to be a responsible steward of nature. This facility is one of the lasting personal legacies I am proud to call my own, ”he said.
He recalled that the UN Climate Change Conference (COP26) attended over 1,000 universities from 68 countries and attended speeches and renewed commitments to achieve zero emissions by 2050, in some cases by 2060 and in the case of Nigeria by 2070.
“This is the best time for all Nigerian universities to join the United Nations’ Race to Zero campaign and commit to reducing their CO2 emissions to zero by 2050 at the latest.
“We hope that through our commitment to renewable energy consumption we will inspire others to follow and educate others on doing their part for the environment,” added Obasanjo.