The Federal Executive Council (FEC) has approved significant investments in Nigeria’s power sector, including €161.33 million for the Siemens project and N1.7 billion for the purchase of an office complex for the Nigeria Electricity Liability Management Company (NEMCO). Minister of Power, Adebayo Adelabu, announced the approvals on Monday following the Federal Executive Council (FEC) meeting presided over by President Bola …

Electricity transformers and substations meant for the $2.3 billion Siemens power project have arrived in the country as the project gains traction, Minister of Power, Adebayo Adelabu, said on Sunday. The development came a few 6 after the Federal Government renewed the mega power project contract with the German government and Siemens, following several months of delays. In a statement …