President Bola Tinubu has assured Siemens Energy, the technical contractor handling the Presidential Power Initiative (PPI), of the government’s full commitment to improving the country’s electricity supply and enhancing the livelihoods of Nigerians. The President made this statement at a meeting with a delegation from Siemens Energy at the State House in Abuja.
“The power sector remains central to stimulating the economy, particularly in the industrial, educational, and healthcare sectors,” President Tinubu said. “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.”
The President directed the expansion of some major transformer substations from two to three phases to boost the country’s power supply. He assured the delegation that the government will continue to provide the needed resources for the power project.
The Power Minister, Adebayo Adelabu, stated that the power sector had achieved many critical milestones, including the decentralisation and liberalisation of the sector. He noted that the President signed the Electricity Act 2023, and a National Integrated Electricity Policy was developed after 24 years, attracting more than $2.2 billion of fresh investments.
Siemens Energy has successfully delivered and commissioned 10 units of 132/33kV mobile substations, three units of 75/100MVA transformers, and seven units of 60/66MVA transformers across key load centres nationwide, which have added 984MV of transmission capacity to the grid.
The leader of the Siemens delegation, Dietmar Siersdorfer, stated that two out of the five substations under construction are expected to be completed by December 2026. He noted that a training centre was already under construction to ensure the training of local talents in electrical engineering, create more jobs, capture local content, and transfer technology.
“The PPI is not just a project but a platform for long-term development and prosperity,” Siersdorfer said. “The PPI will transform Nigeria into a regional power hub, reflecting the depth of relations between Germany and Nigeria.”
