Nigeria is expected to spend about €3.11 billion or N1.15 trillion across four major states. The Nigerian electrification project has three phases, and it aims at achieving 25,000 megawatts of electricity in the country by 2025. ElectricityDeal Nigeria
Nigeria’s Federal Executive Council meeting has ratified President Mohammadu Buhari’s anticipatory approval for the release of a total of N8,648,081,465.2 towards the counterpart funding for the power deal with Siemens AG, signed by the Nigerian and German governments in 2019.
Nigeria had in December 2019, allocated N61 billion for the Nigeria Electrification Road map which will be developed in partnership with Siemens AG. Power projects in the budget include the 3,050-megawatts Mambilla hydropower plant in Taraba State, for which N2 billion counterpart-fund was set aside. Others are 2x60MVA 132/33kV substation at Gwaram in Jigawa State ; 215MW power station in Kaduna ; and Kashambilla transmission in Taraba .
“The project will also support the regulator, Nigerian Electricity Regulatory Commission , to transition towards a programme of improving metering in the electricity industry in the country.
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