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.
ADC Says Tinubu’s Sudden Reform Push is Driven by Fear, not Leadership
“We Shall Resume in the Senate on Tuesday” – Natasha Akpoti-Uduaghan Declares After Court Lifts Suspension
“I’m Contesting for President in 2027, Not Anyone’s Running Mate” – Peter Obi
OP-ED :The Salvation of Nigeria Is Not in This Coalition: A People-Powered Future
Emegha Strikes Again as Ex-Ebonyi PDP Chairman Dumps Party for APC
Veteran Actor Afeez ‘Saka’ Oyetoro Opens Up About Marriage Rejection Over Car Requirement
Rivers Police Declare Council Officials Wanted Over Administrator’s Assault
Tinubu Government Puts Presidential Boeing Jet Up for Sale in Switzerland Amid Controversy Over Airbus Purchase
Don Jazzy Admits He Can’t Stay Sexually Committed to One Woman
Tinubu Orders Military to Crush Terrorists, Bandits, Separatists
Top 5 Apps That Pay Nigerians for Watching Videos
Kwara Govt Provides Free Transportation, Ease Financial Burden On University Students.
Reno’s Reversal : How A Vocal Critics Became a Tinubu Cheerleader
Zulum Renames Borno State University After Kashim Ibrahim
Fact Check: Did Ebonyi State Rises From 4th to 9th Poorest State in Nigeria?
Wike Celebrates Son’s LLM Graduation at Queen Mary University
Cheap but Deadly: Nigerians Compromise Their Health With Charcoal
OPINION: Humility Is the Hallmark of A Good Leader: Rt. Hon. Chinedu Onah An Example
Scam Alert ! Nigeria Federal Civil Service Commission are not recruiting, ignore fake News
FactCheck: Donald Trump Orders sale Of Properties By Nigerian Politicians, Deportation of their Children Back to the Country
-
NEWS2 days agoNigerian Internet Fraudster Ehiremen Aigbokhan Accused of Stealing ₦460 Million Meant for Trump Inauguration
-
ENTERTAINMENT4 days agoShocking! Davido Accused of Secret Dealings That Could Ruin His Career
-
NEWS4 days agoPlateau Assembly Elects Nanloong Daniel as Speaker After Dewan’s Resignation
-
NEWS1 day agoEbonyi Village Lights Up with Self-Funded Electrification , Plans Road Construction
-
POLITICS2 days agoAmaechi Wife Stole N4B Every Month, Says Wike
-
JOBS/SCHOLARSHIPS5 days agoCall For Applications: SEEDINVEST Acceleration Program For Nigerian Entrepreneurs (Up to N5 Million in Asset Grants + 6-week online Training)
-
INSIDE NYSC5 days agoSanwo-Olu Urges 7,887 Corps Members to Tackle Unemployment with Enterprise
-
POLITICS5 days agoNwifuru condemns killing of 13 Ebonyi indigenes in Anambra, vows justice
-
POLITICS2 days agoADC Targets Five Governors as More PDP, APC Leaders Join Opposition Coalition
-
CAMPUS REPORTS3 days agoAbandoned Newborn Sparks Outrage in Ikwo Community Near FUNAI Campus
-
POLITICS4 days agoPeter Obi Dragged Over Brutal Killing of Ebonyians in Anambra
-
ENTERTAINMENT7 days agoAmerican Actor, Morgan Freeman Battling Fibromyalgia, Continues Advocacy and Acting Despite Chronic Pain
asiwajumedia
December 1, 2023 at 9:22 pm
good one