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FINANCE MINISTER/W/BANK BRAINSTORM ON POWER GENERATION/DISTRIBUTION FOR NIGERIA, OTHERS BY 2030

By Mohammed Mohammed

In a bold step towards transforming Nigeria and Africa’s power sector, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and Mr. Guangzhe Chen, Vice President, Infrastructure, World Bank are ramping up efforts aimed at improving electricity access in the continent.

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The discussion, EXTRAORDINAIRE learnt is targeted at accelerating infrastructure development and economic growth.

The meeting, also zeroed on addressing ongoing challenges in the sector, Edun, emphasised President Bola Tinubu’s commitment to the Mission 300 project, a joint initiative by the World Bank and the African Development Bank (AfDB) aimed at providing electricity access to 300 million people across Africa by 2030.

Both parties highlighted the need for reforms that would improve efficiency, expand access, and ensure sustainable energy solutions for Nigeria’s growing population.

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Present at the meeting included Ndiame Diop, World Bank Country Director for Nigeria; Franz Drees-Gross, Director of Infrastructure for West Africa; Taimur Samad, Operations Manager at the World Bank; and representatives from the Office of the Special Adviser on Energy to the President, among others.

With a shared commitment to achieving the ambitious goals of the Mission 300 project, and through the collaborative efforts and a focus on sustainable energy solutions, Nigeria is set to unlock its full potential and provide electricity access to millions, driving economic growth and prosperity for generations to come.

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