The Nigerian Government is partnering with the World Bank on power sector reforms aimed at enhancing electricity access nationwide; a move crucial for boosting infrastructure development and economic growth.
During a meeting with Guangzhe Chen, the Vice President for Infrastructure at the World Bank, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, emphasised the government’s commitment to transforming the power sector.
In a statement on Friday, Mohammed Manga, Director of Information and Public Relations at the Ministry of Finance, said, “At the meeting, Mr. Edun reiterated President Bola Ahmed Tinubu’s dedication to the Mission 300 project, a collaborative initiative between the World Bank and the African Development Bank, which aims to provide electricity access to 300 million people across Africa by 2030.”
Both parties underscored the importance of reforms to improve efficiency, expand electricity access, and ensure sustainable energy solutions for Nigeria’s growing population.
Ndiame Diop, the World Bank Country Director for Nigeria, Franz Drees-Gross, Director of Infrastructure for West Africa, Taimur Samad, the Operations Manager at the World Bank, and members from the Office of the Special Adviser on Energy to the President, among others, attended the meeting.
Manga concluded, “With a shared commitment to the Mission 300 project and a focus on sustainable energy solutions, Nigeria is poised to unlock its full potential, providing millions with electricity access and driving economic growth and prosperity for future generations.”