The President Muhammadu Buhari’s recent agreement on an Electrification Roadmap with Joe Kaeser, Chief Executive Officer of Siemens Company will triple the current power supply in the country by 2023, the Presidency has said.
Giving the breakdown of the agreement through his Twitter handle on Monday, Mr Buhari’s Special Assistant on New Media, Bashir Ahmad, said the agreement is set to achieve 7,000 MW by 2021; 11,000 MW by 2023; and overall grid capacity to 25,000 MW.
DAILY NIGERIAN recall that Siemens, a German-based company, had signed an agreement with Nigerian government on a roadmap to nearly triple the country’s “reliable” power supply by 2023.
Mr Buhari, who held talks with Siemens CEO in Abuja, said that currently only an average of 4,000 megawatts reliably reaches consumers despite there being over 13,000 megawatts of power generation capacity.
“My challenge to Siemens, our partner investors in the Distribution Companies, the Transmission Company of Nigeria and the Electricity Regulator, is to work hard to achieve 7,000 megawatts of reliable power supply by 2021 and 11,000 megawatts by 2023,” Mr Buhari said.