• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, August 4, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

€161m Siemens Project Gains Approval

by Jonathan Nda-Isaiah
8 months ago
in News
€161m Siemens Project Gains Approval
Share on WhatsAppShare on FacebookShare on XTelegram

The Federal Executive Council (FEC) has approved significant investments in Nigeria’s power sector, including €161.33 million for the Siemens project and N1.7 billion for purchasing an office complex for the Nigeria Electricity Liability Management Company (NEMCO).

Advertisement

Minister of Power Adebayo Adelabu announced the approvals on Monday following an FEC meeting presided over by President Bola Tinubu at the presidential Villa in Abuja.

The first approval was for the engineering, procurement, construction, and financing upgrades to 330/132 KV and 132/33 KV substations under Phase One of the Presidential Power Initiative, commonly known as the Siemens project.

“This phase involves upgrading 14 existing (‘brownfield’) substations and building 21 new (‘greenfield’) substations across the country to improve transmission capacity,” Adelabu said.

The initial rollout will target five key substations: the Onitsha 330/132 KV substation (Enugu Electricity Distribution Company), the Offa 132/33 KV substation (Ibadan Electricity Company), the Abeokuta 330/132 KV substation, the Ayede 330/132 KV substation, and the Sokoto 132/33 KV substation.

RELATED

NASS Seeks Peaceful Resolution As 34 SANs Appear In Judges’ Salaries Suit

Hunger: Stakeholders Seek Nutrition Units In MDAs, LGAs

2 minutes ago
Hardship: Ex-minister Nduese Essien Warns Of Looming Anarchy

Ex-Minister Opposes New State From Akwa Ibom

4 minutes ago

Adelabu noted that the project follows the successful completion of the pilot phase and aims to address transmission bottlenecks in Nigeria’s power sector.

He said the approval aligns with President Bola Ahmed Tinubu’s recent discussions with German President Frank-Walter Steinmeier to accelerate progress on the Siemens initiative.

“This i” Adelabu said the initiative will soon stabilise and expand the transmission segment of the power sector value chain.

The second approval was the N1.7 billion purchase of an office complex for NEMCO in Abuja’s Wuse 1 District. The cost includes a 7.5% Value Added Tax.

NEMCO, established under the 2005 Electric Power Sector Reform Act, is critical in managing legacy liabilities in the power sector.

The Minister explained that the acquisition was necessary to curb rising rental costs due to inflation and accommodate the company’s growing workforce.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Gains Approval
SendShareTweetShare
Previous Post

NGO Urges Government To Prioritise Development Of Infrastructure In Rural Communities

Next Post

Benin 2026 Polls: CENA Understudy INEC’s Procedure

Jonathan Nda-Isaiah

Jonathan Nda-Isaiah

You May Like

NASS Seeks Peaceful Resolution As 34 SANs Appear In Judges’ Salaries Suit
News

Hunger: Stakeholders Seek Nutrition Units In MDAs, LGAs

2025/08/04
Hardship: Ex-minister Nduese Essien Warns Of Looming Anarchy
News

Ex-Minister Opposes New State From Akwa Ibom

2025/08/04
Establish Branches In All LGAs, Buni Directs Yobe Microfinance Bank
Health

Buni Upgrades CHC Gadaka To General Hospital As Yobe Absorbs 422 Health Workers

2025/08/04
Judges’ Remuneration: NJC Backs Suit Ahead Of July 15 Judgement
News

NJSC Dismisses A Magistrate, Two others

2025/08/04
Adeleke Tasks Olakunle On NYSC Mandate
News

Lawyer Seeks Investigation Into Killing Of Corps Member

2025/08/04
Niger Gov, Others Celebrate Etsu Nupe At 70
News

Trust Each Other, Etsu Nupe Advises Couples

2025/08/04
Leadership Conference advertisement

LATEST

Hunger: Stakeholders Seek Nutrition Units In MDAs, LGAs

Ex-Minister Opposes New State From Akwa Ibom

SDP Faults INEC’s Rejection Of Candidates In By-election

Opposition Will Collapse In Edo Before 2027 – Gov Okpebholo

Coalition Partners Must Unite To Strengthen ADC – Lukman

LG Poll: PDP Members Emerge APC Candidates In Rivers

Buni Upgrades CHC Gadaka To General Hospital As Yobe Absorbs 422 Health Workers

NJSC Dismisses A Magistrate, Two others

Lawyer Seeks Investigation Into Killing Of Corps Member

Trust Each Other, Etsu Nupe Advises Couples

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.