Finance

Edun, World Bank VP Brainstorm On Reforms To Improve Power Access In Nigeria

By Sunday Etuka, Abuja

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and Guangzhe Chen, Vice President for Infrastructure at the World Bank have advanced discussions on ways to improve power access in Nigeria.

According to the Director, Information and Public Relations of the Ministry, Mohammed Manga, the meeting, which was held at the Ministry of Finance, focused on addressing ongoing challenges in the power sector.

The statement said, Edun emphasised President Bola Ahmed Tinubu’s commitment to the Mission 300 project, a joint initiative by the World Bank and the African Development Bank , aimed at providing electricity access to 300 million people across Africa by 2030.

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It said, both parties highlighted the need for reforms that would improve efficiency, expand access, and ensure sustainable energy solutions for Nigeria’s growing population.

Present at the meeting included Ndiame Diop, 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, among others.

“With a shared commitment to achieving the ambitious goals of the Mission 300 project, and through the collaborative efforts and a focus on sustainable energy solutions, Nigeria is set to unlock its full potential and provide electricity access to millions, driving economic growth and prosperity for generations to come”, the statement said.

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