Nigeria and electricity giant, Siemens, have signed a power deal that will lead to the production of 25,000 megawatts of electricity by 2025.
President Muhammadu Buhari gave the indication at the Presidential Villa during a meeting with the Siemens’s Global Chief Executive Officer, Joe Kaeser.
The president want Siemens, the Transmission Company of Nigeria and the regulator to work hard to achieve 7,000mw and 11,000MW of reliable power supply by 2021 and 2023 in the first and second phases of the deal.
The deal came out of the August 31, 2018 meeting between the Nigerian President and the German Chancellor, Angela Merkel, in Abuja.
Mr. Kaeser says the deal will significantly enhance the country’s power supply and gets the country to the next industrial phase.
