Highlight

Nigeria, Germany sign historic power deal to boost national grid by 12,000 MW

914

Nigeria and Germany have strengthened their bilateral relations with the signing of the Presidential Power Initiative (PPI) agreement which aims to add 12,000 megawatts (MW) of electricity to the Nigeria national grid.

The historic partnership was fostered at the ongoing COP28 summit in Dubai on Friday.

Joe Kaeser, the Chairman of Siemens Energy Supervisory Board, said the PPI which was first conceived during the last administration in 2018, will take Nigeria energy supply to its people “to a new level.”

He said: I’m particularly happy to be here tonight to witness the signing of the Presidential Initiative for Power because in 2018 the former President Buhari wanted me to come to Abuja and explain to him what we did in Egypt.

“And I said Mr. President, Egypt has 80 million (people) and we could use 14 gigawatts and Nigeria has 200 million people. So, we could actually need more gigawatts.

“Now, after five years, I’m really happy that this agreement has the spirit of supplying energy to the greater good of Nigerian people has been taken to a new level. Thank you very much for doing that. And as we say in Germany good things take time as we have seen tonight.”

The Minister Power, Dr Adebayo Adelabu, acknowledged that COVID-19 pandemic was a major factor why the deal was stalled for five years.

Adelabu said 10 transformers and 10 power mobile substations have been delivered to Nigeria by Siemens.

He said: “We are very happy that we are able to sign this agreement tonight. And in the next couple of months, we will witness a lot of activities on the presidential power initiatives project.

“The original agreement we had was for $2.3 billion. But what we have is up to date, just in region of $60 million, which has to do with the importation of the 10 transformers and the 10 power mobile substations, which Siemens have delivered to the country.

“They have been commissioned and we are in the presence of installation of these transformers. So far, it has cost us $60 million.”

The signing ceremony was witnessed by high-level officials including Kenny Anue, Managing Director, Federal Government of Nigeria Power Company, Nadja Haakansson, Managing Director (Africa), Siemens AG, Chief Lateef Fagbemi (SAN), Attorney-General of the Federation and Minister of Justice, and Mr Festus Keyamo (SAN), Minister of Aviation and Aerospace Development.

Others are Dr Adebayo Adelabu, Minister of Power, Balarabe Lawal, Minister of Environment, Said Alkali, Minister of Transportation, Dr. Dorris Anite, Minister of Industry, Trade and Investment, and Abubakar Kyari, Minister of Agriculture.

Leave a comment

Related Articles

ECOWAS faces most difficult challenges since its formation – Ejime

A public affairs analyst, Mr. Paul Ejime, has lamented that the Economic...

Economic hardship: Lagos Govt. employees except teachers to work three days a week – Sanwo-Olu

Civil servants from grade levels 1 to 14 will start working three...

Tinted glass permit: Police to train enforcement officers, ICT analysts on issuance

In a bid to improve national security and curb criminal activities facilitated...

Senate Confirms Cardoso, Yuguda, 10 Others As Chair, MPC Members

The Senate has confirmed the appointments of the governor of the Central...

Breaking: Nigeria’s GDP grew by 3.46% in Q4 2023 – NBS

The National Bureau of Statistics (NBS) has announced growth in Nigeria’s gross...

FG stops exportation of cooking gas to crash price

The Federal Government, in its bid to crash the price of cooking...

Ex-Brazilian star Dani Alves jailed four years for rape

Ex-Brazilian star Dani Alves has been sentenced to four and a half...

Economic hardship: Nigerian military warns against calls for coup

The Nigerian military authorities have issued a stern warning to those calling...

Just in: After 26-month self-exile, Yoruba nation activist, Sunday Igboho returns to Nigeria

Chief Sunday Adeyemo, also referred to as Sunday Igboho, a foremost Yoruba...

Just in: 86 people murdered daily in South Africa — Police Minister

At least 86 people are killed daily in South Africa, according to...

Appointment: Kemi Nandap is the new Comptroller-General of Nigeria Immigration Service

The Nigeria Immigration Service (NIS) has a new Comptroller-General. She is Deputy...

Just in: Labour Party’s National Chairman, Abure, Arrested

The National Chairman of the Labour Party (LP), Mr Julius Abure, has...

Economic hardship: FG set to restart direct cash transfers to 15m households

The Federal Government has concluded plans to restart direct cash transfers to...

Senate to FG: Discard electricity subsidy removal for now

The Senate has urged the Federal Government to refrain from removing the...

Economic hardship: Elumelu to partner MOFI to boost economy

Nigerian philanthropist and Chairman of Heirs Holdings Group, Mr. Tony Elumelu, has...

Bayern sack Thomas Tuchel, to exit in June

Following the abysmal performance of Bayern Munich this season, Thomas Tuchel will...

Shelve protest, embrace dialogue, DSS warns organised labour

The Department of State Services (DSS) has issued a stern warning to...

Just in: 2025 AFCON to be played in July, August in Morocco

Despite the Confederation of African Football (CAF) President not giving a tentative...

Eschew negative tendencies capable of destroying Nigeria’s reputation, NIPR President urges Nigerians

The President of the Nigerian Institute of Public Relations (NIPR), Dr. Ike...