President Bola Tinubu has said that provision of steady electricity supply for industrial and Dmdomestic use are key to societal tranformation.
He said his administration realized that there can be no meaningful economic development without steady electricity supply.
The president stated this during his New year nationwide broadcast to the nation on Monday.
He said “the groundwork of our economic recovery plans within the last seven months of 2023, we are now poised to accelerate the pace of our service delivery across sectors.
“Just this past December during COP28 in Dubai, the German Chancellor, Olaf Scholz, and I agreed and committed to a new deal to speed up the delivery of the Siemens Energy power project that will ultimately deliver reliable supply of electricity to our homes and businesses under the Presidential Power Initiative which began in 2018.”
He said other power installation projects to strengthen the reliability of “our transmission lines and optimise the integrity of our National grid are ongoing across the country.
“My administration recognises that no meaningful economic transformation can happen without steady electricity supply.”
