German and Nigerian Authorities Reach Accord to Speed Up Siemens Power Project.

 On Friday, Germany and Africa’s most populous nation, Nigeria, inked an agreement to enhance power supply under the Presidential Power Initiative. President Bola Tinubu and German Chancellor Olaf Scholz presided over the signing in Dubai, United Arab Emirates, according to a statement released by Special Adviser to the President Ajuri Ngelale.   Germany was represented by Nadja Haakansson, managing director (Africa) of Siemens AG, while Nigeria was represented by Kenny Anuwe, managing director of the Federal Government of Nigeria Power Company. Managing Director of the FGN Power Company, Mr. Kenny Anuwe, spoke after the signing ceremony in Dubai. He praised Siemens Energy for successfully delivering vital equipment to the country, valued at over 63 million Euros, since the project began, according to the release.    The following are the transformers that FGN Power Company is now installing at different locations around Nigeria: 10 units of 132/33KV mobile substations, 3 units of 75/100MVA transformers, and 7 units of 60/66MVA transformers. “The project will also put an emphasis on identified load demand centres, particularly economic and industrial hubs across the country.    It will prioritise the execution of new 330kV and 132/33KV substations in these centres, as well as the construction of thousands of kilometres of overhead transmission lines to link these substations to existing ones.”   According to the presidential spokesman, Tinubu has been a strong supporter of speeding up the PPI’s implementation and expansion since taking office. The spokesman added that the project was a central focus of three rounds of bilateral discussions during multiple meetings between the president and the German chancellor, which took place in Berlin, Abuja, and New Delhi.   Ngelale claims that the arrangement will modernise and expand Nigeria’s electric power transmission grid from beginning to end within 18 to 24 months using equipment made by Siemens.   He stressed that the arrangement will guarantee the project’s longevity and upkeep by transferring all relevant technologies to the Transmission Company of Nigeria (TCN) and providing training for local engineers.

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CBN to freeze non-BVN, NIN bank accounts in April 2024

The Central Bank of Nigeria (CBN) will freeze accounts without BVNs or NINs in April 2024. In a Friday circular,

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Senate to FG: Withhold allocations to non-democratically elected local governments.

The Senate has requested that the Federal Government withhold statutory allocations to any local government councils that were not properly

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NAF Helicopter Crashes In Port Harcourt

On Friday morning, a Nigerian Air Force helicopter crashed in Port Harcourt, the capital of Rivers State. In a statement,

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Fintiri reduces right-of-way fees to 100 naira, as telecoms set to support ICT in Adamawa.

The Adamawa State Government has welcomed telecommunications companies to benefit from a one-hundred-naira “tax on right of way” (RoW) payment

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Nigerians Will Not Care About Budgetary Maths Unless Food Prices Drop—Rewane

If the costs of staple foods like rice, bread, and garri don’t decrease, Nigerians, according to renowned economist Bismarck Rewane,

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Re-appointment: Kyari begs stakeholders, Nigerians to cease sending messages of goodwill.

Officials of the Nigerian National Petroleum Company (NNPC) Limited, including Group Chief Executive Officer (GCEO) Malam Mele Kyari, have asked

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FCTA uncovers alleged Mabushi car documents forgery hub

An purported mini-market that published fake car papers and other documents was destroyed by the Federal Capital Territory Administration (FCTA).

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Demolitions: Obi urges government to refrain from exacerbating the suffering of the poor

Peter Obi, presidential candidate for the Labour Party in the 2023 elections, has called on governments across the country to

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Minister reaffirms the government’s resolve to achieve world-class police forces.

Imaan Sulaiman-Ibrahim, Nigeria’s Minister of State for Police Affairs, has reaffirmed the federal government’s intention to bring the country’s police

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