Siemens $2.3bn Power Deal Stalled Under Buhari, Revived Under Tinubu – Germany Confirms
[NigerianEye - Nigeria] - 12/02/2026
Germany's Deputy Head of Mission in Nigeria, Johannes Lehne, has revealed that the $2.3 billion Siemens power agreement, originally signed during former President Muhammadu Buhari's administration, remained largely inactive for years before being reactivated under President Bola Tinubu.Speaking at the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos, Lehne described the bilateral partnership in the power sector as having stalled prior to gaining fresh momentum under the current government. The deal, known as the Presidential Power Initiative (PPI), is (…)
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