President Bola Tinubu has assured Siemens Energy of his government’s full commitment to improving Nigeria’s electricity supply and citizens’ welfare.
President Tinubu made this disclosure on Monday in a meeting at the State House with a delegation from Siemens Energy, led by the Managing Director of Middle East and Africa, Dietmar Siersdorfer.
Tinubu emphasized that the power sector is key to driving growth in industry, education, and healthcare.
Tinubu said completing the power project will position Nigeria as a continental leader by unlocking its human and material potential.
“There is no industrial growth or economic development without power. I believe that power is the most significant discovery of humanity in the last 1,000 years.
“I appreciate the partnership on the initiative. The progress of the project to date is notable, and we can feel it. But it is not where we want it to be.
“We appreciate the support and commitment of the German government and Siemens. The investment you are making and your commitment align with the future of this country.
“Our education, our health care and our transportation all depend on energy and without power, it is an impossible objective. We are taking it very seriously,’’ he noted.
He ordered the expansion of key transformer substations from two to three phases to boost power supply.
“We are all inspired and happy. This is what we want to achieve on the continent. We want everyone to see the glory of our economic recovery and banishment of poverty,’’ Tinubu said.
The President assured the delegation that his administration would continue to provide the necessary resources for the power project.
Vice President Kashim Shettima, Coordinating Minister of the Economy Wale Edun, Power Minister Adebayo Adelabu, and Special Adviser on Energy Olu Verheijen attended the meeting.
Power Minister Adebayo Adelabu highlighted key milestones in the sector, including its decentralization and liberalization.
He noted that the President’s signing of the Electricity Act 2023 and the development of a National Integrated Electricity Policy, after 24 years, had attracted over $22 billion in new investments and enabled the activation of 15 state electricity markets.
“I appreciate the partnership on the initiative. The progress of the project to date is notable, and we can feel it. But it is not where we want it to be.
“We appreciate the support and commitment of the German government and Siemens. The investment you are making and your commitment align with the future of this country.
“Our education, our health care and our transportation all depend on energy and without power, it is an impossible objective. We are taking it very seriously,’’ he added.
