Siemens has signed an electricity agreement with Nigerian government, a move that is seen to produce 25,000MW of electricity by 2025
As reported in the Leadership, President Muhammadu Buhari said that the Nigerian government is committed to boosting electricity access to the people by deploying long-term power generation strategies.
Buhari further asked 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, respectively, said the source.
In February 2019, the African Development Bank (AfDB) kicked off a feasibility study, aiming to explore the potential of electric cooperative business models in Nigeria.
Underscoring the importance of government cooperation in electricity generation across Africa, Batchi Baldeh, director of power systems development at the AfDB, said that the cooperatives rely on strong partnerships among governments, rural as well as local communities and development partners for implementation and success.
