On the sidelines, according to its chief executive, Siemens is also working “with several anti-corruption groups to root out corruption in seaports.” Nigeria is now at hand to secure a reliable source of electricity, and a functioning high-energy grid is becoming increasingly necessary to keep its rapidly growing economy. In an interview with DW, Siemens Chairman Joe Kaeser said his company was committed to passing the deal. Kaeser stressed to DW that Siemens would tackle the difficult task based on its expertise in the sector. The company also approved a similar agreement with Iraq in April. The Nigerian government has agreed to an agreement with the German energy group to repair the country`s unreliable electricity grid. Siemens and the Nigerian federal government have signed an agreement to implement Nigeria`s electrification roadmap. The objective of the roadmap is to address existing challenges in the energy sector and increase capacity for the country`s future electricity needs. Stay up-to-date on the progress of projects with Egypt Press Special. Nigerian reactions on social media to the news of the Siemens deal have been mixed and some felt that the government`s promise to dramatically improve Nigeria`s energy sector was too good to be true. “I don`t think we should be optimistic lightly about what we expect,” he said. “But I might say that with Buhari at the helm, there will be no corruption at the highest level of the process. The company involved has made a good name for itself, so it does not want to be involved in our corruption system. We should be more concerned with bureaucracy. READ: The Senate says an agreement with the Azura power plant is a burden on the country`s resources.
This is not the first time Nigeria has tried to improve its electricity situation. Asked what this period is doing differently and why the PPI will succeed where others have failed in the past, Alex Okoh, the General Directorate of the Office of Public Enterprise, told The Africa Report: “The fact is that all parties involved knew that this power issue needs to be addressed, there are no two possibilities. The way this project is structured will make a difference. We use a serious company, with a brand image and a record, to do this stuff, and they are supposed to be the only executor of the project. President Muhammadu Buhari announced the start of the next phase of the agreement with Siemens to upgrade the country`s aiding electricity infrastructure. In an interview with The Africa Report, Siemens Nigeria`s chief executive, Onyeche Tifase, said that Nigeria`s electricity regulator, the Nigerian Electricity Regulatory Commission (NERC), will ensure that suppliers receive the value they need for the tariffs they pay. After several commitments and revisions of the technical and commercial considerations of the project with representatives of the TCN, NERC, BPE, the Ministry of Energy and all DisCos, the implementation agreement was signed by Siemens AG Chairman/Chairman Joe Kaeser; CEO of Siemens Nigeria, Onyeche Tifase; Director-General of the Office of State Enterprises, Alex Okoh in Abuja in the presence of President Muhammadu Buhari on 22 July 2019. However, South Africa`s model of power is far from perfect – with a failed state-owned company. Will Nigeria`s privatized energy companies prove that their model ends up working better? Although the country has an operating capacity of more than 8000 MW, consumers average only 5,500 MW. This represents about one-tenth of power in South Africa, a country with about a quarter of Nigeria`s population. “In his speech, President Buhari made it clear that he now wants to achieve this with reliable engineering partners – the European style and the German engineer,” Kaeser said. “And I personally promised him that we would make it.” The partnership with Siemens will modernize the existing network before it is expanded until the country can produce and distribute 25.00