The Presidency has reaffirmed Nigeria’s commitment to enhancing its energy capacity, attributing the acceleration of the Siemens Energy Project to the leadership of President Bola Tinubu.
Speaking at the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, on Monday, Special Adviser to the President on Media and Public Communication, Sunday Dare, outlined the significant strides made under the current administration’s energy agenda.
“The Siemens Energy Project, initially launched by the previous administration, has gained substantial momentum under President Tinubu,” Dare remarked. “He has successfully increased the project’s capacity from 5,000 megawatts to even higher levels, ensuring that Nigerians benefit from more stable and affordable electricity.”
The Siemens Energy initiative, a collaboration between the Nigerian government and Siemens AG, is focused on upgrading the country’s power grid infrastructure and expanding access to electricity.
Dare further explained that President Tinubu’s administration has made the project a top priority in its broader strategy to modernize Nigeria’s power sector.
The Presidency emphasized that the Siemens Project plays a central role in Nigeria’s energy transition strategy, which includes investments in renewable energy and innovative power solutions.
Hinting at an upcoming announcement, Dare revealed that President Tinubu would soon unveil a new initiative to promote solar and clean energy solutions. “This summit is not merely symbolic for us. Mr. President will launch a robust, compact initiative that will push this agenda forward,” he stated.
The Mission 300 Summit, which aims to provide affordable energy to 300 million Africans by 2030, attracted over 20 African leaders, alongside key global stakeholders, including the World Bank and the African Development Bank (AfDB).
Dare praised the collaborative efforts of participating countries and institutions, highlighting Africa’s vast energy potential. “Whether it’s hydro, solar, wind, or green hydrogen, Africa has the resources to power the continent. With its vast gas reserves and abundant sunlight, Nigeria is well-positioned to lead this charge,” he said.
Regarding funding, Dare described the financial model as a blend of grants, soft loans, and capacity-building efforts, stressing the importance of strategic partnerships. He pointed to the AfDB’s recent pledge of ₦75 billion to Nigeria’s Rural Electrification Agency (REA) as a sign of progress in boosting renewable energy.
Dare also underscored the alignment of the summit’s goals with President Tinubu’s energy policy, which emphasizes sustainability, affordability, and accessibility. “The energy solutions emerging from this summit must meet these three criteria, which form the pillars of our national energy strategy,” he remarked.
As the summit continued, Dare expressed confidence in President Tinubu’s ability to secure foreign investments and bring about transformative change in Nigeria’s energy sector. “We’ve seen his success in other sectors, from agriculture to international diplomacy. He applies the same determination to energy, ensuring Nigeria plays a pivotal role in shaping Africa’s energy future,” he concluded.
