“Wale Edun: Nigeria Open for Investment in Electricity Sector”
Nigeria’s Finance Minister and Coordinating Minister of the Economy, Wale Edun, has reiterated the country’s strong commitment to attracting investment into its electricity sector. Speaking at an exclusive dinner in Dar es Salaam, Tanzania, ahead of the Mission 300 African Energy Summit, Edun addressed a select group of investors and development partners, positioning Nigeria as a prime destination for energy investments.
“Nigeria is open for investment in the electricity sector,” Edun confidently declared, underscoring the nation’s focus on macroeconomic stability, clean energy initiatives, and universal energy access.
He pointed out that the Nigerian government is actively implementing strategic reforms to create an investment-friendly environment. These reforms are aimed at ensuring long-term sustainability and profitability within the power sector.
In line with Nigeria’s energy objectives, Edun also highlighted the Mission 300 initiative—an ambitious pan-African project aimed at providing energy access to 300 million people by 2030. This initiative directly aligns with Nigeria’s electrification goals and its broader agenda to modernize the country’s infrastructure, streamline regulations, and foster robust public-private partnerships.
President Bola Tinubu, who is also participating in the African Energy Summit, reinforced Nigeria’s commitment to improving energy access while ensuring a just transition to clean energy. Together, the government and stakeholders aim to drive substantial progress in Nigeria’s power sector and enhance its position as a leader in energy investment across Africa.
