President Bola Tinubu says Nigeria is leveraging over $3.25 billion in foreign investment to ensure a steady power supply to 23.7 million people.

He said Nigeria is resolute in electrifying its most remote and hard-to-reach communities for energy equity.

Tinubu said this at the just concluded Mission 300 Africa Energy Summit in Dar es Salaam, the Tanzanian capital.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, revealed this in a statement he signed Tuesday titled ‘President Tinubu concludes visit to Tanzania, affirms Nigeria’s commitment to improved electricity access.’

The $3.25bn includes investments from the African Development Bank and the World Bank.

Detailing the substantial progress Nigeria has achieved with the support of international development partners, President Tinubu acknowledged AfDB’s $1.1bn, expected to provide electricity for 5 million people by the end of 2026, while its $200m in the Nigeria Electrification Project will provide electricity for 500,000 people by the end of 2025.

 “We also look forward to the AfDB’s planned $700m investment in the Nigeria Desert to Power programme and its planned $500m facility for the Nigeria-Grid Battery Energy Storage System, which will provide electricity for an additional two million people.

 “We have equally begun making plans to ensure the effectiveness of the World Bank’s $750m support for expanding Nigeria’s distributed energy access via mini-grids and standalone solar systems that will provide access to power to 16.2 million people,” he said.

In the speech read by the Minister of Power, Adebayo Adelabu, the Nigerian leader lauded the African Development Bank, the World Bank Group, and development partners for their collective pledge to bring electricity access to 300 million people in Africa by 2030.

 President Tinubu called on African leaders to prioritise energy access, emphasising collective action.

 “Let us work together to create a brighter future for our citizens—where every African can access reliable and affordable energy.

 “A future where our industries thrive, our economies grow, and our people prosper,” the President said.

 Tinubu also used the occasion to reaffirm Nigeria’s commitment to providing reliable, affordable, and sustainable electricity to its unelectrified population by 2030.