De-Risking the Atom: An Integrated Framework of Economic Incentives and Legislative Reforms for Nuclear Energy Deployment in Nigeria | Chapter 5 | Physical Science: New Insights and Developments Vol. 3

 

Nigeria's ambitious energy transition and economic development goals are critically hampered by a pervasive energy deficit and an over-reliance on volatile fossil fuels. While nuclear power presents a compelling solution for delivering stable, low-carbon baseload electricity, its historical challenges (prohibitive capital costs, complex risk profiles, and stringent regulatory demands) have stalled its adoption across emerging economies. This study addresses a critical gap in the literature by moving beyond technical feasibility studies to propose a holistic, Nigeria-specific framework that synergistically combines innovative economic models, targeted legislative incentives, and robust risk mitigation strategies to de-risk nuclear investments. Through a mixed-methods approach involving systematic literature review, comparative policy analysis, and preliminary economic modelling, the study evaluates the fundamental economic determinants of nuclear viability within Nigeria's unique context. It identifies the high cost of capital, driven by perceived risks, as the primary barrier. A quantitative analysis shows that with a weighted average cost of capital (WACC) reduced from a risky 12% to a de-risked 8%, the Levelized Cost of Electricity (LCOE) for nuclear power in Nigeria could fall from approximately $102/MWh to a competitive $72/MWh. Consequently, the chapter prescribes a detailed framework encompassing financial instruments like tax credits and sovereign guarantees, legislative reforms for regulatory certainty, and layered risk-sharing mechanisms. The analysis concludes that nuclear energy's economic viability in Nigeria is not intrinsic but can be engineered through deliberate policy and legislative action. The chapter advocates for a phased strategy, prioritising Small Modular Reactors (SMRs), and provides a concrete, actionable roadmap for policymakers to translate nuclear ambition into tangible, bankable projects.

 

 

Author(s) Details

EZREL TABIOWO
National Assembly, Federal Republic of Nigeria, Three Arms Zone, Abuja-FCT, Nigeria.

 

Please see the book here :- https://doi.org/10.9734/bpi/psniad/v3/6465

 

Civilization Needs Sustainable Energy: Fusion Breeding May be Best | Chapter 7 | Science and Technology - Recent Updates and Future Prospects Vol. 2

 

Fission breeding is certainly a sustainable source, as it makes the entire uranium and thorium resources available for power production. Civilization requires power. For a while, it can get by with the power supplies we currently use, fossil fuel, nuclear fuel; and hydroelectric, solar and wind. Only the last 3 are sustainable. The first two will run out at some point, very likely well before the end of this century, especially if the less developed parts of the world come up to OECD standards. In this work, I argue that at least for this century, solar, wind, and pure fusion are not up to the task. However, far before the end of the century, fusion might be used to produce fissile material for use in modern nuclear reactors. The requirements for a fusion device used as a breeder are considerably different from the requirements for pure fusion. It is likely that an ITER-type device could be used for fusion breeding on a large scale. Fusion breeding can support nuclear fuel for civilization, at 30-40 terawatts (TW), at least as far into the future as the dawn of civilization was in the past.

 

Author(s)details:-

 

 

Wallace Manheimer
US Naval Research Laboratory, USA.

 

Please See the book here :- https://doi.org/10.9734/bpi/strufp/v2/66