NEWS
Nigeria, Germany sign deal to boost electricity

Nigeria and Germany have signed an agreement to add 12,000 megawatts of electricity to Nigeria’s national grid.
The agreement, which was signed in Dubai on the sidelines of the United Nations Climate Conference (COP28) was witnessed by President Bola Tinubu and Chancellor Olaf Scholz.
The Managing Director of the Nigeria Power Company, Kenny Anue, who signed on behalf of Nigeria, said it was part of the commitment of President Tinubu to the development of power infrastructure.
While explaining the financial implications of the agreement, the Minister of Power, Adebayo Adelabu, said the project would be financed under the Government’s Export Credit Facility provided by some German banks to Nigeria.
He said the original agreement was at 2.3 billion dollars, stating however that about 60 million dollars had to be added to cover the importation of 10 transformers and 10 power mobile substations, which Siemens had already delivered to the country.
Discover more from Asiwaju Media
Subscribe to get the latest posts sent to your email.
Leave a Reply
-
POLITICS5 days ago
Chinedu Ogah Decamps from APC to ADC, Joins Coalition—Video Claims Surface Online
-
NEWS7 days ago
Ebonyi Village Lights Up with Self-Funded Electrification , Plans Road Construction
-
POLITICS2 days ago
ADC Chieftain Alleges Plot by APC to Hijack Party in Ebonyi, Vows Resistance
-
POLITICS6 days ago
ADC Ebonyi Welcomes Massive Influx of New Members
-
ENTERTAINMENT2 days ago
Iyabo Ojo Addresses Police Invitation, Threats And Fire Outbreak, Clarifies Position On Mohbad’s Death
-
SPORTS6 days ago
Neymar And Bruna Biancardi Welcome 4th Child Into Their Growing Family
-
POLITICS3 days ago
ADC Confirms Jennifer Adibie as Ebonyi State Chairperson
-
NEWS4 days ago
“We Need Real Protection, Not Just Condoms” — Akure Sex Workers Mourn Colleague
-
POLITICS6 days ago
Gov Nwifuru advocates creation of additional states in South-East
-
POLITICS5 days ago
Umahi Closes Highway, Pledges Southeast Support for Tinubu
-
POLITICS4 days ago
ADC Ebonyi Summons Emergency State Executive Council Meeting
-
POLITICS5 days ago
The North Will Celebrate My Presidency – Peter Obi
asiwajumedia
December 1, 2023 at 9:22 pm
good one