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President @MBuhari has directed the Ministries of @PowerMinNigeria and @FinMinNigeria, and the Bureau of Public Enterprise (BPE) to conclude the engagement with Siemens AG to commence the pre-engineering & concessionary financing aspects of the Presidential Power Initiative.
The Presidential Power Initiative (PPI) is a power infrastructure upgrade and modernization Programme agreed to by @NigeriaGov and Siemens AG of Germany, with the support of the German Government.
Under the PPI, @NigeriaGov will on behalf of the other shareholders in the Electricity Distribution Cos. invest in infrastructure upgrades in the form of improved payment systems, distribution substations, transformers, protection devices, smart meters, transmission lines, etc.
