Impact of Renewable Energy Adoption on the Economy: a Case Study of the Federal Capital Territory, Abuja

Authors: Safiya Mohammed Umar, Hadiza Abubakar Ahmad and Yahaya Ismail

Published: 27 Jun 2025

DOI: 10.5281/zenodo.15750343
Volume: vol-1 issue-2
Page Number: 15 - 30
Paper ID: ijsr-633136
E-ISSN: 3092-9555
Keywords: Renewable energy, economic growth, job creation, Federal Capital Territory (FCT), Abuja, sustainable energy transition

Abstract

This seminar explores the impact of renewable energy adoption on the economy, with a specific focus on the Federal Capital Territory (FCT), Abuja. As Nigeria seeks sustainable solutions to its energy challenges, the transition to renewable energy sources such as solar and wind has gained significant attention. This study aims to analyze how these energy sources can influence economic growth, job creation, and investment in Abuja. Using a combination of quantitative and qualitative methods, the research examines key economic indicators, including GDP contribution, employment rates, and energy costs, to assess the overall economic implications of renewable energy adoption. Additionally, stakeholder perspectives from government agencies, local businesses, and community members are incorporated to provide a comprehensive understanding of the local context. The findings indicate that renewable energy adoption has the potential to stimulate economic growth in Abuja, create new employment opportunities, and reduce energy costs in the long term. However, challenges such as infrastructure deficits and financing obstacles must be addressed to fully realize these benefits.