President Bola Ahmed Tinubu has announced plans to mobilise up to $30 billion in green and climate-related finance to expand electricity access across Nigeria and support the country’s energy transition.

Speaking at an international sustainability forum, Tinubu said the funding drive is aimed at modernising Nigeria’s power infrastructure, scaling renewable energy solutions and providing electricity to underserved communities. He described reliable power supply as the backbone of economic growth, industrialisation and job creation.

The president noted that Nigeria is pursuing innovative financing models, including blended finance and public-private partnerships, to attract global investors into clean energy and climate-resilient infrastructure. He also highlighted ongoing reforms in the power sector, particularly the Electricity Act, which allows sub-national governments and private investors to participate more actively in electricity generation and distribution.

Tinubu added that Nigeria is strengthening international cooperation to achieve its energy goals, citing recent agreements with development partners and investors to support renewable energy, grid expansion and off-grid solutions.

According to him, the green finance initiative aligns with Nigeria’s broader commitment to reduce carbon emissions while ensuring inclusive growth and improved living standards for millions of citizens without access to reliable electricity.

The announcement underscores Nigeria’s push to position itself as a leading destination for sustainable energy investment in Africa while addressing long-standing power supply challenges.