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Electricity Crisis: President Buhari Signs Power Deal With Siemens AG



CH91j6yIkfvRIcpk Electricity Crisis: President Buhari Signs Power Deal With Siemens AG

The Federal Authorities has signed an settlement with German-based Siemens AG at present on an electrification roadmap aimed toward addressing the nation’s energy disaster, our correspondent has learnt.

In response to the video sighted by, as shared by official Twitter deal with of the president.

He wrote;

Immediately, in partnership with the German Authorities and Siemens AG, we’re making an vital transfer ahead in addressing Nigeria’s electrical energy problem. Our objective is a straightforward one: to ship extra electrical energy to Nigerian companies and houses.

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.”

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