Nigeria Germany sign agreement

Nigeria Germany Sign Agreement For Implementation Of Presidential Power Initiative

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President Bola Tinubu and German Chancellor Olaf Scholz have signed an agreement aimed at expediting the implementation of the Presidential Power Initiative (PPI) to revolutionize Nigeria’s electricity supply.

This was done at the global discussions on climate actions at the ongoing COP28 climate summit in Dubai, where the agreement between Nigeria and Germany took the spotlight, focusing on enhancing the country’s electricity infrastructure.

“This agreement marks a moment in our commitment to bolstering Nigeria’s power infrastructure,” stated President Tinubu during the signing ceremony. “It’s a stride towards providing stable electricity for our citizens and fostering economic growth.”

The accelerated performance agreement, inked by Mr. Kenny Anuwe of FGN Power Company and Ms. Nadja Haakansson of Siemens Energy, is set to revolutionize Nigeria’s electric power transmission grid.

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A timeline of 18 to 24 months has been set for the complete modernization and expansion, promising the full supply, delivery, and installation of Siemens-manufactured equipment.

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“This collaboration with Siemens Energy represents a significant step forward in our pursuit of a more robust power grid,” expressed Chancellor Scholz. “It’s not just about enhancing infrastructure; it’s about empowering communities and industries for a sustainable future.”

In addition to focusing on infrastructure development, the agreement underscores a critical aspect of sustainability – ensuring technology transfer and training for Nigerian engineers. This move aligns with efforts to fortify the Transmission Company of Nigeria (TCN) and guarantee long-term project maintenance.

“We’ve seen tangible progress with the delivery of essential equipment valued at over 63 million Euros since the project’s inception,” revealed Anuwe. “These include mobile substations and transformers that are already being installed across Nigeria, paving the way for a more resilient power system.”

The Presidential Power Initiative, previously known as the Nigeria Electrification Roadmap Initiative, stemmed from former German Chancellor Angela Merkel’s visit to Abuja in August 2018.

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Despite the agreement signed in 2019, the initiative saw minimal progress until President Tinubu’s administration, which has actively pushed for its realization through multiple bilateral discussions with Germany.

“Addressing Nigeria’s energy needs remains a top priority,” Tinubu affirmed. “This collaborative effort is not just about providing electricity; it’s about driving progress and prosperity for our nation.”

The project’s focus extends beyond mere infrastructure development, targeting identified economic and industrial hubs, constructing new substations, and connecting transmission lines to bridge existing gaps in the power supply network.

The renewed commitment to the PPI signals a turning point in Nigeria’s quest for reliable and sustainable electricity.

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