Nigeria and World Bank Strategize on Power Sector Reforms for Broader Access

By Joke Kujenya

NIGERIA’s POWER sector faces pressing challenges as efforts intensify to boost electricity access nationwide.

Wale Edun, the Honourable Minister of Finance and Coordinating Minister of the Economy, met with Guangzhe Chen, Vice President for Infrastructure at the World Bank, to tackle these issues and accelerate reforms.

The discussion centered on overcoming existing obstacles in Nigeria’s power sector and expanding electricity access.

Edun underscored President Tinubu’s dedication to the Mission 300 project.

This initiative, a collaboration between the World Bank and the African Development Bank, aims to provide electricity to 300 million people across Africa by 2030.

Both parties agreed on the urgency of reforms to enhance efficiency, increase access, and ensure sustainable energy solutions for Nigeria’s expanding population.

The meeting also 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.

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