President Bola Tinubu has reaffirmed his administration’s commitment to the Presidential Power Initiative (PPI) with Siemens Energy, aimed at improving Nigeria’s electricity supply and driving economic growth.
During a meeting with Siemens officials in Abuja, Tinubu said reliable power is essential for industrial, educational, and healthcare development, pledging full government support for the project.
Power Minister Adebayo Adelabu reported key progress, including new substations and transformers that have added 984MVA to the national grid, alongside over $2.2 billion in new investments since the Electricity Act 2023. Phase One of the project, covering five major substations in Abeokuta, Offa, Ayede-Ibadan, Sokoto, and Onitsha, is ongoing, with two expected to be completed by 2026.
Siemens’ representative, Dietmar Siersdorfer, said the initiative would create jobs, train local engineers, and transform Nigeria into a regional power hub. The German government also reaffirmed its continued support for the project.