Electricity Supply Will Improve By 2024 First Half

Electricity Supply Will Improve By 2024 First Half

In a recent statement, Nigeria's Minister of Foreign Affairs, Ambassador Maitama Tuggar, shared promising news about the Siemens gas deal between Nigeria and Germany.

He expressed confidence that by the first half of 2024, Nigerians can anticipate a significant boost in their electricity supply.

The Siemens gas deal, initially initiated in 2018 under former President Muhammadu Buhari's administration.

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Aimed to elevate Nigeria's electricity capacity from 4,000 megawatts to an ambitious 25,000 megawatts by 2025.

Despite facing setbacks, Ambassador Tuggar assured that the current administration led by President Bola Tinubu is committed to managing past challenges and ensuring the success of the Siemens deal.

Participating in the G20 Compact with Africa Economic Conference in Germany.

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Ambassador Tuggar emphasized the revival of the Siemens deal, labeling it as "fully back."

He highlighted the significance of the gas deal, noting it as a win-win situation for both nations.

Explaining the dynamics of the agreement, Tuggar clarified that exporting gas to Germany does not mean neglecting Nigeria's domestic gas needs.

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He emphasized that the revenue generated from gas exports would be reinvested.

To further enhance electricity and gas infrastructure across Nigeria, creating an interconnected and mutually beneficial system.

The minister also pointed to another key factor contributing to improved electricity supply—the Ajaokuta-Abuja-Kaduna-Kano (AKK) project, currently in progress.

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Completion of this project is expected to play a pivotal role in enhancing the overall electricity supply in the country.

As the Siemens deal gains momentum and the AKK project advances, there is renewed optimism for a brighter energy future for Nigerians.

The prospect of increased electricity capacity signifies not only a positive step toward fulfilling past promises.

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But also a significant stride in meeting the growing energy demands of the nation.

The first half of 2024 could mark a turning point in the country's energy landscape, bringing about positive changes and advancements for the benefit of its citizens.

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