• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Business

FG, Siemens AG sign contract for pre-engineering phase of Presidential Power Initiative (PPI)

William Ukpe by William Ukpe
February 23, 2021
in Business, Spotlight
Buhari sacks DG National Directorate of Employment, Nasiru Argungu
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Government and Siemens AG have signed a contract for the pre-engineering phase of the Presidential Power Initiative.

The pre-engineering phase contract includes; Engineering design, Finalizing project specifications, Commissioning works for transmission & distribution systems and others.

This was disclosed by the Special Assistant to President Buhari on Digital and New Media , Tolu Ogunlesi on Monday evening. He disclosed the deal was signed Thursday, 18th of February 2020.

RelatedStories

FEC approves $1.9 billion to boost Nigeria’s power supply to 7,000MW

FEC approves $1.9 billion to boost Nigeria’s power supply to 7,000MW

December 16, 2021
Minister of Power, Abubakar Aliyu

Power project deal with Siemens to increase Nigeria’s electricity to 25,000MW when completed – Aliyu

December 10, 2021

“The FG and Siemens AG signed contract for the pre-engineering phase of the Presidential Power Initiative (PPI). Recall that the FGN payment was approved last year. FGN has set up an SPV known as the FGN Power Company to work with Siemens to implement,” he said.

Ogunlesi disclosed that the Presidential Power Initiative which used to be known as the Nigeria Electrification Roadmap (NER) will come in 3 phases:

  •  Target of 7,000MW operational grid capacity
  • 11,000MW
  • 25,000MW

He added that The contract signed last week is for the pre-engineering Phase, which includes:

  • Engineering design
  • Finalizing project specifications
  • Commissioning works for transmission & distribution systems
  • Network development studies
  • Power simulation
  • Training – Support services.

“The SPV, FGNPowerCo, has the responsibility of executing the Presidential Power Initiative (PPI), providing project management for the implementation of the PPI and serving as the key manager to ensure cohesion and seamless execution,”  he added.

In case you missed it

  • Recall Nairametrics reported last year that the Federal Government of Nigeria stated that the Siemens $2 billion power deal, under the Presidential Power Initiative (PPI), will save the nation over $1 billion annually.
  • Nairametrics also reported in July last that the Federal Government approved the sum of N8.64 billion as part of counterpart funding for the Presidential Power Initiative (PPI), which is also known as the Siemens Project.

Follow us for Breaking News and Market Intelligence.
Tags: Presidential Power InitiativeSiemens AG
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

FEC approves $1.9 billion to boost Nigeria’s power supply to 7,000MW
Energy

FEC approves $1.9 billion to boost Nigeria’s power supply to 7,000MW

December 16, 2021
Minister of Power, Abubakar Aliyu
Energy

Power project deal with Siemens to increase Nigeria’s electricity to 25,000MW when completed – Aliyu

December 10, 2021
FG set to create at least 5 million jobs for youths in the power sector – Minister of Power , Consortium of Western investors to inject upwards of $5 billion in Nigeria's renewable energy sector, Power: Nigeria's deal with Siemens - the birth of a new era?
Energy

Siemens Power deal: FG to collaborate with Egypt

March 2, 2021
NDDC, Cash transfer, President Buhari, non-oil Exports, oil revenue, export revenue, FG Waives import duties for medical supplies, Orders Customs to expedite clearing, Presidency faults report on Kyari as Buhari didn’t cancel memos, appointments approved by him
Energy

FG approves N8.64 billion for Phase 1 of Presidential Power Initiative

July 29, 2020
Nigeria-Siemens power deal get N61 billion allocation 
Politics

President Buhari directs Ministries of Power, Finance, BPE to seal Siemens deal

May 27, 2020
Growth in Africa
Business News

Partnering for Growth in Africa

August 31, 2018
Next Post
Grenada wants you to invest in its real estate market, in exchange for Visa-free access to the UK, China and EU Schengen Zone

Kimpton Kawana Bay offers African investors the key to global domination

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Technical education enrolment examination in Nigeria surges by 300% in 1 year – NABTEB  
  • USSD charges: Nigerian banks, telcos still testing end-user billing  
  • Gombe receives N60 billion from FG to establish 184-hectare Agro-Livestock Industrial Zone

Follow us on social media:

Recent News

NABTEB releases results, 73.19% achieved five credits or more, malpractices recorded

Technical education enrolment examination in Nigeria surges by 300% in 1 year – NABTEB  

June 15, 2025
Telecom

USSD charges: Nigerian banks, telcos still testing end-user billing  

June 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics