# 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.

- Type: Contract
- Announced: 2022-07-15
- Where: Nigeria
- Value: $100.0M
- Jobs: 11,000
- Status: announced
- Capacity: 25,000 MW
- Products: power infrastructure
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (supplier)
- [Federal Government of Nigeria](https://endata.com/companies/64187.md) (customer)

## Sources

- [energytimesng.com](https://www.energytimesng.com/nigeria-begins-implementation-of-siemens-power-contract-pays-100m/), 2022-07-15: "The Federal Government had released to Siemens, the sum of $100 million to quickly activate the contract."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.