FG tackles energy poverty with Mission 300 initiative

The Federal Government has expressed its determination to tackle energy poverty with a high-level stakeholder engagement forum towards the implementation of the National Energy Compact under the Mission 300 initiative.

The government-led forum, which is a critical step towards tackling energy poverty, will be held on July 8, 2025, through the Federal Ministry of Power and the Federal Ministry of Finance, in collaboration with Sustainable Energy for All.

 Tagged Mission 300, the initiative is championed by the World Bank Group and the African Development Bank, with key support from The Rockefeller Foundation, the Global Energy Alliance for People and Planet, and SEforALL.

The project is geared towards achieving the ambitious goal of connecting 300 million people across Africa to electricity by 2030, alongside other African countries, with Nigeria as one of twelve countries selected for the first phase of Mission 300 implementation and has committed to bold reforms to expand energy access, scale up renewable energy and attract private sector investment.

To drive this effort, the government has established a high-level Compact Delivery and Monitoring Unit to oversee and coordinate the delivery of Mission 300 targets.

To propel coordinated action and unlock investment, the Compact Delivery and Monitoring Unit, through the Stakeholder Forum, will bring together senior government officials, development partners, and private sector leaders to discuss progress and showcase implementation efforts for Nigeria’s National Energy Compact, launched at the Dar es Salaam Energy Summit in January 2025.

The compact outlines clear, investable targets: doubling the annual electricity access growth rate from 4 to 9 per cent and increasing access to clean cooking solutions from 22 to 25 per cent per year.

These targets signal Nigeria’s commitment to achieving universal energy access by 2030 and creating a predictable, results-driven environment for energy investments.

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