President Bola Tinubu and German Chancellor Olaf Scholz joined forces in Dubai to witness the signing of a pivotal agreement to accelerate the implementation of the Presidential Power Initiative (PPI) to enhance electricity supply in Nigeria. The agreement, sealed at the COP28 climate summit, outlines a comprehensive modernization and expansion plan for the transmission, distribution and generation networks with Siemens Energy at the forefront.
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The Managing Director of FGN Power Company, Mr. Kenny Anuwe, emphasized Siemens Energy’s effective contributions, including crucial equipment worth over 63 million Euros, as the nation strides towards a more robust power sector.
President Bola Tinubu, since assuming office, has consistently advocated the accelerated realization and expansion of the PPI. To achieve this, the project has been a major focal point in three rounds of bilateral discussions at several meetings between the President and the German Chancellor, in New Delhi, Abuja and Berlin.