Nigeria: FG pushes conclusion of the electricity deal with Siemens

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The federal government (FG) of Nigeria has directed several ministries to conclude the engagement with Siemens to commence the pre-engineering and concessionary financing aspects of the Presidential Power Initiative (PPI).

President Muhammadu Buhari has informed on the commencement of the next phase of the deal with Siemens to upgrade the nation’s dilapidated power infrastructure.

The presidency instructed the Ministry of Power, the Ministry of Finance, Budget and National Planning, as well as the Bureau of Public Enterprise, to speed up the process with the German engineering firm.