Nigeria pays Siemens $100M for Presidential Power Initiative

The Nigerian government released $100 million to Siemens under the first phase of the Presidential Power Initiative, aiming to increase power generation capacity to 25,000 MW by 2025 and create 11,000 jobs.

“The Federal Government had released to Siemens, the sum of $100 million to quickly activate the contract.”energytimesng.com

• 1 source
• energytimesng.comNigeria begins implementation of Siemens’ power contract, pays $100m | Energy TimesKayode EkundayoJul 15, 2022

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