Tinubu canvasses German investment in power, rail: Nigeria

Tinubu canvasses German investment in power, rail: Nigeria

President Bola Tinubu has expressed Nigeria’s determination to pursue German investment in targeted sectors of the Nigerian economy with focus on critical growth-enabling industries in energy, transportation, and electric power production, transmission, and distribution.

The president met with German Chancellor, Olaf Scholz, on the sidelines of the G20 Compact with Africa Economic Conference on Monday, in Berlin, Germany’s capital.

At the meeting, while recognizing the success of Siemens AG in positively transforming the quantity and quality of Egyptian electric power supply, the President noted that under his leadership, the staggered and unsteady implementation of the Siemens-supported Presidential Power Initiative (PPI) would take on new urgency with a more deliberate process of project execution, even as he recognized the need to embrace Siemens technology in all aspects of the project for project sustainability.

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A statement issued by Ajuri Ngelale, Special Adviser to the President(Media & Publicity) quoted Tinubu as saying: “For me, I am very much committed to pursuing all aspects of the Siemens Power project and the skill development opportunities that will emerge from that