Buhari Signs Deal to Upgrade Nigeria’s Power Transmission & Distribution Infrastructure

Reading Time: 2 minutes

President Muhammadu Buhari on Monday, presided over the Signing of Implementation Agreement for the Nigeria Electrification Roadmap(NER), a partnership btw the Nigerian & German Govts & Siemens AG of Germany, to upgrade Nigeria’s Power Transmission & Distribution Infrastructure at the State House.

According to presidential aide, Bashir Ahmed, the agreement is to achieve; 7,000 MW by 2021, 11,000 MW by 2023 and overall grid capacity to 25,000 MW.

Read Buhari’s speech at the event below:

“Today, in partnership with the German Government and Siemens AG, we are making an important move forward in addressing Nigeria’s electricity challenge. Our goal is a simple one: to deliver more electricity to Nigerian businesses and homes.

“My challenge to Siemens, our partner investors in the Distribution Companies, the TCN, and NERC, is to work hard to achieve the target of 7,000 megawatts of reliable power supply by 2021 and 11,000 megawatts by 2023 – in phases 1 and 2 of this initiative, respectively.

“Our intention is to ensure that our cooperation is structured under a Government-to-Government framework. No middlemen will be involved, so that we can achieve value for money for Nigerians.

“We also insist that all products be manufactured to high quality German and European standards and competitively priced.

“This project will not be the solution to ALL our problems in the power sector. However, I am confident that it has the potential to address a significant amount of the challenges we have faced for decades.

“It is our hope that as the power situation improves, we will improve investor confidence, create jobs, reduce the cost of doing business and encourage more economic growth in Nigeria.”

Leave a Reply

%d bloggers like this: