The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, held a crucial meeting with Guangzhe Chen, Vice President for Infrastructure at the World Bank, on Thursday to address the pressing challenges in Nigeria’s power sector. The discussions focused on reforms needed to improve efficiency and expand electricity access for the nation’s growing population.

During the meeting, Minister Edun reiterated President Bola Tinubu’s commitment to the Mission 300 project, a collaborative effort between the World Bank and the African Development Bank aimed at providing electricity access to 300 million people across Africa by 2030. This ambitious initiative forms a key part of Nigeria’s strategy to improve power infrastructure and increase energy access.

“The government is determined to improve electricity access and efficiency to meet the growing energy needs of our people,” Edun said. “Through Mission 300 and critical reforms, we are committed to ensuring sustainable energy solutions that benefit all Nigerians.”

Also in attendance were Ndiame Diop, the 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.

The meeting concluded with both parties emphasizing the importance of continued collaboration to ensure the successful implementation of power sector reforms, with the aim of achieving long-term sustainability and widespread energy access across Nigeria.