Oritsegbubemi Omatseyin
Lagos — The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, led a strategic engagement with global energy and finance partners in his office in Abuja. The engagement aimed to advance Nigeria’s leadership under Mission 300, the continental effort to expand electricity access and drive economic growth.
The discussions focused on accelerating delivery and mobilizing investment to strengthen Nigeria’s power sector, recognizing reliable electricity as essential to productivity, industrial expansion, digital inclusion, and job creation.
Edun reaffirmed that Mission 300 is central to Nigeria’s economic strategy, highlighting the country’s early adoption of the Compact, the establishment of a joint Finance and Power delivery unit, and growing momentum in distributed renewable energy, supported by innovative financing and private sector partnerships.
Anna Bjerde, Managing Director of Operations at the World Bank Group, commended Nigeria’s reform progress, describing the country as a potential game changer for Mission 300 due to its scale and leadership, and noting that ongoing programmes are already expanding electricity access.
The Minister of Power, Adebayo Adelabu, underscored alignment with President Bola Ahmed Tinubu’s economic mandate, citing advances in sector reform, metering, transmission restructuring, and regional power integration.
All parties agreed to accelerate implementation, attract capital at scale, and ensure Mission 300 delivers measurable economic impact for Nigerians.
