The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed Nigeria’s commitment to attracting investment in its electricity sector.

Speaking during an exclusive dinner in Dar es Salaam, Tanzania, on Sunday evening, ahead of the Mission 300 African Energy Summit, Edun addressed a gathering of investors and development partners, emphasizing Nigeria’s readiness to welcome energy investments.

“Nigeria is open for investment in the electricity sector,” Edun declared, highlighting the government’s priorities, including macroeconomic stability, clean energy goals, and universal energy access. He outlined a series of ongoing reforms aimed at fostering a favorable environment for investors, ensuring the sector’s long-term sustainability and profitability.

Mission 300 Initiative and Nigeria’s Ambitious Energy Goals

Edun noted that the Mission 300 initiative—a pan-African effort to provide energy access to 300 million people by 2030—aligns closely with Nigeria’s ambitious electrification plans. He highlighted the government’s proactive steps to modernize energy infrastructure, simplify regulatory frameworks, and strengthen public-private partnerships to accelerate progress.

Commitment to Clean Energy and Energy Access

The Minister assured stakeholders of the government’s unwavering dedication to expanding energy access while facilitating a just transition to clean energy. He emphasized that these efforts are pivotal to unlocking the sector’s vast potential.

President Bola Tinubu’s participation in the African Energy Summit further underscores Nigeria’s determination to achieve universal energy access and advance clean energy solutions.