Photo caption: President Bola Ahmed Tinubu
President Bola Ahmed Tinubu has reaffirmed Nigeria’s commitment to achieving universal energy access by 2030, highlighting the government’s target of having renewable energy account for 50 per cent of the nation’s energy mix.
Tinubu made this declaration on Tuesday while addressing the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania. The summit, which convened African leaders, international energy stakeholders, and development partners, focused on fostering collaborations to address the continent’s energy challenges.
Speaking on Nigeria’s energy aspirations, Tinubu stated, “We are committed to expanding and fast-tracking universal energy access for Nigerians by 2030. This will involve increasing electricity access, boosting clean cooking solutions for 227 million people, and expanding our renewable energy to 50% of the energy mix amongst others.”
Tinubu further emphasized Nigeria’s leadership role in advancing renewable energy solutions and detailed the government’s strategic policies aimed at attracting investments to the energy sector.
Earlier at the summit, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, delivered the keynote address during an exclusive dinner held on Sunday evening. Addressing a gathering of select investors and development partners, Edun underscored Nigeria’s electricity sector as a prime investment opportunity.
He reiterated the government’s focus on achieving macroeconomic stability, promoting clean energy, and ensuring universal energy access through the Mission 300 initiative.
Edun highlighted various government initiatives, including reforms in the power sector, incentives for renewable energy investments, and a dual focus on grid and off-grid solutions to ensure equitable energy distribution across the country.
The Mission 300 initiative is a bold, continent-wide strategy aimed at delivering reliable energy to 300 million Africans by 2030. Nigeria has aligned its energy goals with this ambitious target, seeking to leverage international partnerships to finance renewable energy projects and develop critical infrastructure.
