MISSION 300: NIGERIA’S ENERGY PUSH FOR ECONOMIC GROWTH GETS BOOST AS FINANCE MINISTER LEADS GLOBAL STRATEGIC ENGAGEMENT

Nigeria's Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, penultimate week, led a  strategic engagement with global energy and finance partners to advance Nigeria’s leadership under Mission 300, the continental effort to expand electricity access and drive economic growth. 

According to a statement signed by Mohammed A. Manga, Director Information and Public Relations of the Federal Ministry of Finance, "the discussions focused on accelerating delivery and mobilising investment to strengthen Nigeria’s power sector, recognising reliable electricity as essential to productivity, industrial expansion, digital inclusion, and job creation."

During the engagement, the Minister reaffirmed that Mission 300 is central to Nigeria’s economic strategy, highlighting the country’s early adoption of the Compact, the establishment of a joint Finance and Power delivery unit, and growing momentum in distributed renewable energy, supported by innovative financing and private sector partnerships. Anna Bjerde, Managing Director of Operations at the World Bank Group, commended Nigeria’s reform progress, describing the country as a potential game changer for Mission 300 due to its scale and leadership, and noting that ongoing programmes are already expanding electricity access. 

The Honourable Minister of Power, Adebayo Adelabu, underscored alignment with President Bola Ahmed Tinubu’s economic mandate, citing advances in sector reform, metering, transmission restructuring, and regional power integration. 

All parties agreed to accelerate implementation, attract capital at scale, and ensure Mission 300 delivers measurable economic impact for Nigerians.