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flag Nigeria advances power sector with new investments and infrastructure under the Presidential Power Initiative.

flag President Bola Tinubu reaffirmed Nigeria’s commitment to transforming its power sector, calling reliable electricity essential for national development. flag At a meeting with a Siemens Energy delegation in Abuja, he highlighted progress on the Presidential Power Initiative (PPI), including the commissioning of mobile substations and transformers that added 984MW to the grid. flag Civil works are underway at five substations, with two expected by 2026, and Phase One, Batch Two will add 16 substations with 4,104MW capacity. flag The government has passed the Electricity Act 2023, activated 15 state electricity markets, and secured over $2.2 billion in investment. flag Officials said the project will boost economic growth, create jobs, and improve the business climate. flag Siemens and the German government reiterated their ongoing support.

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