Nigeria and German company Siemens has agreed to a roadmap that will help the Nation increase Her power supply to 11,000 megawatts by 2023, President Muhammadu Buhari said on Monday. With this agreement, Nigeria will join the likes of Egypt and Iraq who signed a deal with the German company and got 98% increase electricity in two years.
The President who observed the Signing of Implementation Agreement for the Nigeria Electrification Roadmap (NER) between Nigeria and Siemens AG of Germany at the State House, Abuja said
"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."
President Muhammadu Buhari further stressed that “only an average of 4,000 megawatts reliably reaches consumers”. He said Nigeria would work with Siemens to achieve “7,000 megawatts of reliable power supply by 2021 and 11,000 megawatts by 2023”.
