The Federal Ministry of Energy has budgeted the sum of N150 billion for transmission initiatives beneath the Presidential Energy Initiative.
That is contained within the 2025 Appropriation Invoice, not too long ago introduced to the Nationwide Meeting by President Bola Tinubu.
The Presidential Energy Initiative is considered one of varied initiatives and bilateral partnerships geared toward tackling its continual energy challenges.
In regards to the PPI
The Presidential Energy Initiative (PPI) is a undertaking of the Federal Authorities, with funding and technical assist from the German authorities, geared toward modernising and increasing Nigeria’s energy grid. The initiative was conceived in 2018 by President Muhammadu Buhari and German Chancellor Angela Merkel.
The PPI’s targets embody:
- Nigeria’s energy era will enhance to six,000 MW by the tip of 2024.
- Bettering the reliability and sustainability of the ability provide for all Nigerians
- Enabling the Nigeria Electrical energy Provide Business (NESI) to realize industrial autonomy
In response to the FGN Energy Firm, which is answerable for its execution, the PPI is being carried out in three phases:
- Part 1
Focuses on rising operational capability to 7 GW. This part consists of upgrading substations, putting in new substations and transformers, and deploying sensible metering programs. In response to the official web site of the FGN Energy firm, the primary part “focuses on ‘fast win’ measures.” - Part 2
Focuses on rising the capability of the transmission and distribution programs to permit for evacuation of as much as 11 GW of electrical energy to end-users. - Part 3
Focuses on rising the capability of the ability grid to 25 GW by increasing era, programs of transmission, and distribution.
Nigerian Authorities to Make investments $800m beneath PPI
In September 2024, the federal authorities introduced that it might make investments $800 million beneath the PPI in upgrading the ability sector.
In response to the Minister of Power, Adebayo Adelabu, this funding beneath the PPI would contribute to rising Nigeria’s energy era to six,000 MW by the tip of 2024 and 25,000 MW by the tip of 2025.
He added that a part of the funding would go into setting up tremendous and mini-grids. It will even be prolonged to Electrical energy Distribution Corporations throughout the nation, to assist them improve their companies.
What it is best to know
- Thousands and thousands of Nigerians lack fixed electrical energy provides whereas many, particularly in rural areas, are completely disconnected from the grid. The PPI was meant to resolve these issues.
- Though the PPI was instituted in 2018, implementation began in 2021, however not a lot has been achieved.
- Up to now, the targets of the PPI will not be being achieved. For example, the nation’s goal of producing 6,000 MW by the tip of 2024 was not met.
- Other than the N150 billion allotted to the PPI transmission initiatives, there are different electricity-related infrastructure initiatives within the 2025 finances.
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