President Muhammadu Buhari, on
Monday, signed a power project deal with Siemens, Germany-based firm.
According to a tweet by the
official presidential Twitter account, the project will deliver 7,000 megawatts
(MW) of electricity to the national grid by 2021.
The country currently generates
less than 5000MW, while power supply has been poor due to less than 4000MW
being distributed to Nigerians.
The president noted that the
project may not be the solution to the challenges facing the electricity
sector.
“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,” he said.
“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”President
Muhammadu Buhari, on Monday, signed a power project deal with Siemens,
Germany-based firm.
According to a tweet by the
official presidential Twitter account, the project will deliver 7,000 megawatts
(MW) of electricity to the national grid by 2021.
The country currently generates
less than 5000MW, while power supply has been poor due to less than 4000MW
being distributed to Nigerians.
The president noted that the
project may not be the solution to the challenges facing the electricity
sector.
“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,” he said.
“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”
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. pic.twitter.com/953qM2Sw5z— Muhammadu Buhari (@MBuhari) July 22, 2019
The deal was facilitated by
Angela Merkel, the German chancellor, when she visited Nigeria in August 2018.
Anybody when hear this na gi dey happy.7000MW 2021! Azura ower started building a 445MW of in Benin using julius berger for civil work and same siemens for technical work. As if today, what comes out from Azura is not upto 200MW after so many years. This is a company that got its money from world bank, not to talk of Nigeria that will come back in 2022 that now they are going to china to get a loan for power project. This is 2019 and you want to get 7000MW by 2021. Im not saying its not possible, but it is not possible in Nigeria.they should stop lying and decieving themselves. Where is second niger bridge, after how many years?
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