Nigeria government has announced its commitment to improving the country electricity from its current megawatts to 11,000 megawatts by 2023 through the partnership deal just signed with the German government and the German company Siemens AG, who has helped the African counterpart, Egypt to achieve a greater feat in power sector. This was revealed through the official twitter handle of Nigerian President, Gen. Muhammadu Buhari @Mbuhari, the tweet reads:
“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.”
In another tweet, he challenges Siemens to collaborate with indigenous distribution companies to achieve the goal set and make sure they produce high-quality electricity material that meets the international standard for the country.
“My challenge to Siemens, our partner investors in the distribution companies, the TCN and NERC, is to work hard to achieve the target of 7000 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.”
In assuring the Nigerians about the initiative, he stated that the project is not an end to all the problems faced in the power sector but it will provide a solution to the majority of them.
“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.”