President Bola Ahmed Tinubu has said he is committed to a new deal to speed up the delivery of the Siemens Energy power project that will ultimately deliver a reliable supply of electricity to Nigerian homes.
Gatekeepers News reports that Tinubu said this in his New Year broadcast on Monday.
“Just this past December during COP28 in Dubai, the German Chancellor, Olaf Scholz and I agreed and committed to a new deal to speed up the delivery of the Siemens Energy power project that will ultimately deliver a reliable supply of electricity to our homes and businesses under the Presidential Power Initiative, which began in 2018,” Tinubu said.
“Other power installation projects to strengthen the reliability of our transmission lines and optimise the integrity of our National grid are ongoing across the country.
My administration recognises that no meaningful economic transformation can happen without a steady electricity supply,” he added.
The Nigerian government and Germany had earlier, in December 2023, signed an agreement to accelerate the Siemens power project.
Mr Tinubu and German Chancellor, Olaf Scholz, witnessed the signing of an accelerated performance agreement aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve the electricity supply in Nigeria.
The event took place in Dubai, United Arab Emirates.
