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Rockefeller Foundation Tasks Nigeria On Investment In Renewable Energy

Staff Admin
Staff Admin

Rockefeller Foundation has called for investment in sustainable power solutions, including nuclear energy, fusion, and other renewable sources.

The President of the foundation, Dr. Rajiv Shah said that such investments were crucial for developing countries to compete in the global economy and provide viable alternatives for energy access.

Shah addressed the pressing issue of Nigeria’s labor market, where 3.5 million people enter the workforce annually amid economic challenges, stressing the need for accelerated renewable energy adoption to support businesses and households.

Shah made the submission at fireside chat hosted by Nigeria Economic Summit Group NESG ( NESG) with Harvard Business School, the Rockefeller Foundation and Lagos Business School.

He shared his motivations for writing “Big Bets,” reflecting on global events and the need for bold, innovative solutions, noting how Bill and Melinda Gates made a transformative bet on vaccination, as well as his own experiences fighting Ebola during his tenure at USAID.

The president praised the efforts of women who played crucial roles on the frontlines during the Ebola crisis. He also discussed the Rockefeller Foundation’s initiatives to improve energy access, particularly through renewable energy, aiming to reach over a billion people worldwide without reliable electricity.

The event, held as part of the book signing for “Big Bets: How Large-Scale Change Really Happens,” provided a platform for insightful discussions on tackling global challenges.

Also, the Chief Executive Officer of NESG, Dr. Tayo Aduloju harped on the significance of Dr. Shah’s book, describing it as a bold response to the formidable problems of our generation, offering strategic solutions that promise long-term gains rather than short-term wins.

Aduloju highlighted the importance of the book for Nigeria, a country in the midst of a demographic transition with a predominantly young population.

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