MARKET/INVESTMENT CASE: POTENTIAL OF BIO ENERGY/MASS IN NIGERIA: (SOUTH EAST)

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ABSTRACT

The aim and purpose of this thesis is to explore the market/investment potential of bio energy/mass in Nigeria with South East Nigeria as a case study. Data for the study consists of primary and secondary sources. From the data analysis the findings of the research showed that biomass can be found in Nigeria (South East) in sustainable and sufficient quantity. Market potential of bio-energy/mass is found to be significant with potentials for growth. The research reveals that the quantum of conventional energy in the energy market that can be substituted by bio fuel is substantial. The study also reveals that Nigeria’s investment potential in bio energy/mass production may depend on government mandate, production cost of bio-fuels relative to other fuel substitutes, subsidy on petroleum products and the level of agricultural productivity. In terms of capacity for commercial deployment, feedstock supply, sustainability, Nigeria has huge reserve of natural resources and factors deployable for alternative energy production - productive arable land, favourable climatic conditions, abundant and potential feedstock production like cassava, maize, palm oil, sugarcane etc.


TABLE OF CONTENTS

LIST OF TABLES AND FIGURES
ABSTRACT

1.         INTRODUCTION
1.1 Background of the Study
1.2 The Aim and Purpose of the Study
1.3 Scope of the Study
1.4 Case Country Nigeria (Southeast) Brief histories
1.5 Nigeria’s Energy Resources
1.6 Bio energy/Biomass Resources

2.         RESEARCH METHODS

3.         BIO ENERGY/MASS: MARKET PROSPECTS
3.1.      Quantum of Demanded Energy Unmet
3.2 Market Demand

4.         MARKETING STRATEGY
4.1 Market Product
4.2 Energy Market Implications for Bio fuel Demand

5.         BIO ENERGY OPTION
5.1 Criteria for Sustainable Bio energy Market
5.2 Environmental Benefits
5.3 Socio-economic Benefits

6.         NATURE OF BIO ENERGY INVESTMENT

7.         RESEARCH
7.1 Research Question A
7.1.2 Research Question B
7.1.3 Research Question C
7.1.4 Research Question D
7.1.5 Research Question E
7.2 Analysis of Questionnaire
7.3 Discussion of Findings

8.         CONCLUSION
REFERENCES
APPENDICES


1.                   INTRODUCTION
1.1         Background of the Study
Bio energy holds great potential for better energy future. That was my major motivation for embarking on this research. Also, the susceptibility to depletion of natural resources such as petroleum, coal and nuclear fuels as well as their negative environmental impact was of concern to me. This concern however was doused, since from my research, bio energy portends better prospects for future energy sustainability and a cleaner environment.

As the world’s population continues to increase with its associated rapid development, especially in areas where the demand on fossil resources had been very low per capita, it is expected that the energy and material needs of human society will become unprecedented in the near future. This will lead to more demands and increasing cost of fossil resources for energy, fuels, chemicals and materials. It has also become apparent that fossil fuels emit greenhouse gases and the continued emissions of these gases are influencing the world climate. The reduction of global demand for fossil fuel resources has been proposed as a major strategy to ameliorate the effects of climate change.

Biomass has been ticked as one of the solutions to energy future. It is a renewable source of energy that can provide heat, electrical energy, and transportation fuels which can reduce CO2 emissions, Sulphur and Heavy Metals in the atmosphere. Biomass also has the potential of improving rural income and energy security.


Nigeria is a developing country and her technological endowment has not reached a very high level of development. To a large extent, the traditional economic system is still predominant, although appreciable progress is being made towards making the economy more market oriented. The country is ranked the sixth producer of crude oil and is therefore heavily dependent on it as a major source of revenue and energy. In recent times awareness has been created on biomass as the alternative to fossil resources and Nigerian government in alignment with relevant multilateral institutions is developing its capability in the sphere of biomass. With the shortcoming of non renewability and unfriendly environmental attribute of fossil resources, there is a strong need for the development of alternative clean energy supply in Nigeria. It is estimated that Nigeria’s oil reserve can only last for the next 30 years and with its growing population of over 150 million and a large expanse of arable land, there is a huge potential for the commercial development of biomass energy. The use of bio energy resources will reduce environmental pollution as degradable domestic and industrial waste can be converted into energy. Exploitation of biomass resources will contribute to the diversification of the energy supply mix and as well increase the country’s Gross Domestic Product (GDP).

1.2         The Aim and Purpose of the Study
The aim of this study is to explore the market/investment potential of bio energy/mass in Nigeria. This research attempts to answer the question: is there prospect in developing bio fuel as alternative energy source in Nigeria? The study tries to find answers to these questions:

A.    Where can biomass resources be found in South-eastern Nigeria and are they sustainable and in sufficient quantity?

B.     What is the market potential?

C.     How much of the conventional energy in the energy market can be substituted by bio fuels?

D.    What effect will the price of conventional energy units have on the price and demand for bio fuels?

E.     Investment potential will it be determined by the value of the extra investment on the conventional energy compared to the value of bio energy investment?

1.3         Scope of the Study
The research does not include bio energy/mass production technology. The analysis of market/investment potential will concentrate only on information that is relevant to the study. That includes information on bio energy resources, its...
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This is a General Thesis for both Undergraduate & Postgraduate Studies. The complete research material plus questionnaire and references can be obtained at an affordable price of N3,000 within Nigerian or its equivalent in other currencies.


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