Nigeria to Sign Agreement with German Multinational Siemens on National Electrification Roadmap

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The signing of electricity road map agreement between the Federal Government of Nigeria and German-based Siemens is all set to take place today, Nairametrics has reported.

The deal is the product of a meeting President Muhammadu Buhari held with German Chancellor, Angela Merkel on August 31, 2018.

The Global Chief Executive Officer of Siemens, Joe Kaeser, will meet with President Buhari today in Nigeria to sign a Letter of Agreement on the Nigerian Electrification Roadmap which was submitted to President Buhari last year November.

According to reports, several meetings have been held by power distribution companies, other stakeholders in the power sector and the Chief of Staff to the President, Abba Kyari. The meeting focused on the key areas where the help of the German government is needed.

The partnership on the road map for power generation will aid the activities of the Transmission Company of Nigeria (TCN) and the eleven DisCos within the country, including software maintenance and support for four years, with a source claiming the project can be compared to that of Egypt megaproject.

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