Nigeria Launches $300M Clean Energy Fund

Nigeria has officially launched its $300 million renewable energy fund to scale off-grid power access. The sovereign wealth fund partners with the World Bank to expand electricity.

FILE PHOTO: A boat sails near the Civic Centre Towers at night in Lagos, Nigeria January 15, 2025. REUTERS/Taiwo Arifayan/File Photo

Nigeria launched a $300M clean energy fund on Monday morning, moving from structuring to active capital deployment. The sovereign wealth initiative aims to scale off-grid power access across the region. The program supports broader continental targets to connect 300M people to electricity by 2030.

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