Renewable Energy: Is It The End of the Oil Boom for Developing Nations?

As developing countries struggle for cash inflows, the reality hits home

Uchechukwu Ajuzieogu
11 min readAug 8, 2021


Image credit, courtesy GreenBiz

You turn the TV and browse your internet feeds; from social media to blogs and news pages, the highlights are all about the ‘green initiative’. Every country is pushing for a cleaner planet and ecosystem, pointing guilty hands at other countries who don’t support the movement. Well, before you point your hands at me, you better calm down and realize that this issue is deeper than just performing climate activism stuns online. Yes, you read correctly

With the oil boom came a fresh hope for countries that were immersed deeply in poverty. Previously, the oil boom didn't happen. Countries focused on agriculture exports to produce money for themselves, sustain and keep the economy going. A case study of this article will be on Nigeria. The oil giant is getting a shove on getting onboarded into the green initiative agenda, but the African giant continues to bait time.

In this article, some questions will be answered using insightful data points, they include; What is renewable energy? Why is the world headed towards renewable energy? Can developing countries meet the set target of adopting green energy initiatives? Will oil still be in maximum use?

Renewable Energy: An Overview

As Wikipedia describes, renewable energy is useful energy that is collected from renewable resources, which are naturally replenished on a human timescale, including carbon neutral sources like sunlight, wind, rain, tides, waves, and geothermal heat.

Renewable energy includes resources that rely on fuel sources that restore themselves over short periods of time and do not diminish. Such fuel sources include the sun, wind, moving water, organic plant and waste material (eligible biomass), and the earth’s heat (geothermal). Although the impacts are small, some renewable energy technologies can have an impact on the environment. For example, large hydroelectric resources can have environmental trade-offs on such issues as fisheries and land use.

Green energy is any energy type that is generated from natural resources, such as sunlight, wind, or…



Uchechukwu Ajuzieogu

Uchechukwu Ajuzieogu is an Author, Blogger, Researcher, Content Curator, Tech Entrepreneur, and Educationist with vast experience in Technology Applications.