• 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 Sectors Energy

Nigeria to experience improved power supply by first half of 2024 – Minister

Chike Olisah by Chike Olisah
November 22, 2023
in Energy, Sectors
Power generation: Only 25 of 160 licensed GenCos operating- APGC
Share on FacebookShare on TwitterShare on Linkedin

The Minister of Foreign Affairs, Ambassador Maitama Tuggar, says that with the Siemens gas deal between Nigeria and Germany, Nigerians will start to experience improved power supply by the first half of 2024.

This was made known by Tuggar while featuring on a Channels Television programme, Politics Today, on Tuesday, November 21, 2023.

Tuggar, who is part of President Bola Tinubu’s team at the G20 Compact with Africa Economic Conference going on in Germany, said the Siemens deal is “fully back”.

RelatedStories

President Bola Tinubu,

Nigerian agencies breach data law despite Tinubu’s directives on Privacy – Lawyers 

September 17, 2025
NERC

The Electricity Act Amendment Bill 2025 – the need for a cautious rethink

September 6, 2025

Remarkable improvement in power supply

When asked how soon Nigerians can begin to see a drastic change in electricity supply, Tuggar said,

  • ‘’In the coming year, we are almost at the end of this year, so in the coming year, by the first half of next year (2024) God willing, there would be a remarkable improvement in electricity supply in Nigeria.
  • ‘’The setbacks that happened in the past, some were man-made, some were not, for instance the Covid pandemic, we had no control over that and that was part of the problem. But like I said there is a reinvigoration of will of the commitment to deliver under the Tinubu administration and the German side has the same feeling.
  • ‘’The 2 sides are working closely, you have to bear in mind Chancellor Scholz visited Nigeria about two weeks ago or there about before President Tinubu was invited to attend this summit and engage with not only Germany but also other countries as well as African countries and international financial cooperation and development financial institutions.
  • ‘’So its something that will be felt within a very short period of time.’’

Gas deal, a win-win

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 further said electricity supply would improve with the completion of the ongoing AKK project – the Ajaokuta-Abuja-Kaduna-Kano project.


Follow us for Breaking News and Market Intelligence.
Tags: Ambassador Maitama TuggarNigeria-Siemens power dealPresident Bola Tinubu
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Related Posts

President Bola Tinubu,
Exclusives

Nigerian agencies breach data law despite Tinubu’s directives on Privacy – Lawyers 

September 17, 2025
NERC
Energy

The Electricity Act Amendment Bill 2025 – the need for a cautious rethink

September 6, 2025
Tinubu sacks five ministers, appoints seven new ones amid cabinet reshuffle  
Education

President Tinubu commits N1.85 billion to education and rehabilitation of Chibok girls

September 4, 2025
From Within the Room: Beyond the noise of criticism
Markets

From Within the Room: Beyond the noise of criticism

September 4, 2025
President Tinubu to visit Saint Lucia, attend two-day BRICS Summit in Brazil 
Business News

President Tinubu leaves for Europe on 10-day annual vacation 

September 4, 2025
Insurance Sector: Nigeria’s galloping inflation to drive claim costs 
Business News

Law firm raises red flags over governance conflicts in Nigeria’s Insurance Reform Act 2025 

September 3, 2025
Next Post
Nigeria, Bola Ahmed Tinubu

Nigeria’s crude oil output rises by 10% in 5 months under Tinubu's presidency

Leave a Reply Cancel reply

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

otd
arco
Palmpay
access bank
nairametrics
first bank








DUNS

Recent News

  • Capital Alliance divests from Aradel, sells 15% stake worth N387.1 billion in 2025 
  • Kusenla Road flood caused by “technical drainage misalignment”
  • Nigerian Navy opens recruitment for Basic Training School Batch 38 

Follow us on social media:

Recent News

Capital Alliance Private Equity & Aradel

Capital Alliance divests from Aradel, sells 15% stake worth N387.1 billion in 2025 

September 26, 2025
Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab

Kusenla Road flood caused by “technical drainage misalignment”

September 26, 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