The President gave the directive during a meeting with a delegation from Siemens Energy at the State House, Abuja. Siemens Energy, the technical partner of the Federal Government, is implementing the three-phase €2.3 billion PPI through the FGN Power Company.
The government confirmed that over $2.2 billion in new investments had flowed into Nigeria’s power sector due to the PPI, alongside the activation of 15 state electricity markets.
Tinubu reaffirmed his administration’s commitment to providing the necessary resources to fast-track the project, describing power as the foundation of Nigeria’s industrial and social transformation.
“Our education, healthcare, and transportation all depend on energy. Without power, progress is impossible,” the President said. “We want everyone to see the glory of our economic recovery and the banishment of poverty.”
He added that completing the project in phases would position Nigeria as an industrial leader on the continent, unlocking new opportunities in multiple sectors.
Vice President Kashim Shettima, Finance Minister Wale Edun, Power Minister Adebayo Adelabu, and Special Adviser on Energy Olu Verheijen attended the meeting.
Adelabu noted that since the signing of the Accelerated Agreement at COP28 in Dubai, Siemens has delivered 10 mobile substations and 10 high-capacity transformers across the country, adding 984MW to the national grid.
He said that work on substations in Abeokuta, Offa, Ayede-Ibadan, Sokoto, and Onitsha is already progressing under Phase One of the initiative.
