After Peter Obi's Message On Electricity, Buhari Promises $550m Investment To Boost Power Supply

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President Muhammadu Buhari says his administration is decentralising the nation’s national grid through renewable mini-grids to address the challenges of electricity supply across the country.

The president, who revealed this in an interview he granted Bloomberg News, said the Federal Government had earmarked 550 million dollars to provide 20,000 Standalone Solar Systems, SHS, as well as Solar Hybrid mini-grids in over 250 locations.

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“We are also decentralising the national grid through renewable-driven mini-grids.

“The 550 million dollar Nigeria Electrification Project has deployed more than 20,000 Standalone Solar Systems (SHS), as well as Solar Hybrid mini-grids in over 250 locations,” he said.

On grid modernisation, the Nigerian leader said there were hundreds of ongoing projects and initiatives attracting funding from local and foreign investors.

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He said: “Take my Presidential Power Initiative (PPI), a government-to-government initiative between the Governments of Nigeria and Germany, with Siemens AG, to upgrade the electricity grid with a 2 billion dollar investment.

Peter Obi, presidential candidate of the Labour Party (LP), was in Egypt learning the country’s power mechanism.

Peter Obi said Egypt's population is around 100 million with about 60megawatt of electricity generation capacity.

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