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BREAKING: What Will Happen To Electricity Supply By 2024 First Half – Minister
BREAKING: What Will Happen To Electricity Supply By 2024 First Half – Minister
Ambassador Maitama Tuggar, the Minister of Foreign Affairs, has expressed optimism that the Siemens gas deal between Nigeria and Germany will result in improved electricity supply for Nigerians by the first half of 2024.
Speaking virtually from Berlin, Germany, on Channels Television’s Politics Today programme on Tuesday, Tuggar shared his confidence in the positive impact of the agreement on the country’s power sector.
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“In the coming year by the first half of next year (2024), there will be a remarkable improvement in the electricity supply in Nigeria,” he said, adding that the setbacks experienced in the past would be managed by the President Bola Tinubu administration.
Former President Muhammadu Buhari, in 2018, pledged to increase Nigeria’s electricity capacity from the existing 4,000 megawatts to 25,000 megawatts by 2025 through a deal with Siemens Energy in Germany, as part of the Presidential Power Initiative.
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Despite the initial delay, the Minister of Foreign Affairs, Amb Maitama Tuggar, assured that the Siemens deal is now “fully back” on track.
Tuggar said the gas deal between Nigeria and Germany is a win-win. He said, “The fact that we are exporting gas to Germany or we intend to do that does not mean that we are depriving Nigeria’s domestic gas needs; that will be fulfilled as well but you also need the revenue that would accrue from such exports to invest further in taking electricity and gas to other parts of Nigeria. So, it’s all interconnected and one does not stop the other from happening.”
The minister additionally stated that the ongoing Ajaokuta-Abuja-Kaduna-Kano (AKK) project will contribute to the improvement of electricity supply in the country.
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