• About
  • Advertise
  • Contact
Thursday, October 23, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Foreign

Tinubu, Scholz Meet Over Siemens Handlings Of Power, Rail Projects In Nigeria

Vital News by Vital News
November 21, 2023
in Foreign, National
0
G20 Compact With Africa Summit : Nigeria Seeks More Investments
Share on FacebookShare on Twitter

 

President Bola Tinubu, on Monday met with German Chancellor, Olaf Scholz, on
the sidelines of the ongoing G20 Compact with Africa Economic Conference holding Germany.

During the meeting with Scholz, Tinubu noted that Nigeria’s determined pursuit of German investment in targeted sectors of the Nigerian economy was focused on critical growth-enabling industries in energy, transportation, and electric power production, transmission, and distribution.

President Tinubu noted that under his leadership, the staggered and unsteady implementation of the Siemens-supported Presidential Power Initiative (PPI) would take on new urgency with a more deliberate process of project execution.

He also harped on the need to embrace Siemens technology in all aspects of the project for project sustainability.

RelatedStories

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

Understanding UNGA Resolution 2758 And One-China Principle By Lawal Sale

President Tinubu Appoints Another Minister From Plateau

Senator Sunday Karimi : A Beacon Of Service And Integrity, Beyond 2027 By Samuel Temiloluwa

“For me, I am very much committed to pursuing all aspects of the Siemens Power project and the skill development opportunities that will emerge from that project for our talented youths who can participate in sustaining the industry,” the President affirmed.

Aware of the new 2,000km ultra high-speed rail network which Siemens is presently constructing across 60 cities in Egypt at the speed of 230km/hour, the President further expressed his keen interest in the role Siemens can play in modernizing and expanding Nigeria’s rail network with the provision of ultra-modern trains and railways which can more than double the speed of existing 100km/hour standard-gauge systems presently operating in Nigeria.

In his response, the German Chancellor expressed readiness but with an acknowledgment of the need to resolve administrative and financial hurdles brought about by governance problems emanating from prior administration in the sector.

“I know that there is a lot of work that has been done. There is already a big production of electricity in Nigeria, but it is not getting to the population.

“Of course, this has to do with the need for a provision of stations and infrastructure on the grid.

“Siemens has developed the plan and is ready to deepen implementation, but it is now up to your new government to take the follow-up action that you are now committed to taking.

“On the railway plans, Siemens will be very happy to do this when more progress is made on the power project which has been started already,” the German Chancellor said.

President Tinubu drew the attention of the German leader to the need for his business community to focus their attention on value-additive processing in Nigerian solid minerals, agricultural goods, automobile production, and other job-creating sub-sectors of the economy.

“Everything the world requires in terms of business environment reforms are underway in Nigeria.

“Perhaps , our foreign investors are still a bit paranoid that those old Nigerian issues are intractable.

“But my track record speaks for itself. I have transformed an entity before now. I am here to do it again, and I will,” the President stated.

The German Chancellor nodded in agreement and said, ” it came down to a lot of investment from overseas that leveraged on cheap and skilled labour with adequate internal infrastructure and shipping infrastructure for imports and exports to flow easily.

“These things are possible in Nigeria. You even have abundant natural resources. Step by step, it is achievable, Mr. President.”

The two leaders of the largest economies in Africa and Europe, respectively, agreed to deepen collaboration on the utilization of advanced biometric systems and border control technology to check irregular migration.

The two leaders agreed that investments in labour-intensive industries will go a long way toward resolving the root causes of the problem.

President Tinubu later exchanged views with the German Head of State and Federal President, Frank-Walter Steinmeier, before attending the Compact with Africa Summit of Heads of State and Government.
(vitalnewsngr.com)

 

 

Tags: PowerScholzsummitTinubu
Previous Post

Lagos Begins Massive Clamp Down On Street Beggars

Next Post

Ekiti Capable Of Contributing Immensely To Mining Sector Development – Alake

Vital News

Vital News

RelatedStories

FG Cancels Independence Anniversary Parade
Environment

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

October 22, 2025
Understanding UNGA Resolution 2758 And One-China Principle By Lawal Sale
Opinion

Understanding UNGA Resolution 2758 And One-China Principle By Lawal Sale

October 21, 2025
In Jos, President Tinubu Assures Northern Christians Of Fairness
National

President Tinubu Appoints Another Minister From Plateau

October 21, 2025
Senator Sunday Karimi : A Beacon Of Service And Integrity, Beyond 2027 By Samuel Temiloluwa
Opinion

Senator Sunday Karimi : A Beacon Of Service And Integrity, Beyond 2027 By Samuel Temiloluwa

October 21, 2025
Standing With The Bello Family – Justice Must Never Be Cheapened – NGO
National

Standing With The Bello Family – Justice Must Never Be Cheapened – NGO

October 17, 2025
Next Post
Ekiti Capable Of Contributing Immensely To Mining Sector Development – Alake

Ekiti Capable Of Contributing Immensely To Mining Sector Development - Alake

Oyo Assembly Gives Makinde Power To Grant Beaded Crown, Coronet

4.3 Million People Defecate Openly, 5.6 Million Lack Decent Toilets In Oyo — UNICEF

Lagos Charges Young Entrepreneurs On Commitment

Why We Spent N531 million To Renovate St Andrew Anglican Church - LASG

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

WAFCON : Uzodinma Splashes N30mln, Plot Of Land On Each 7 Imo State Born Super Falcons

WAFCON : Uzodinma Splashes N30mln, Plot Of Land On Each 7 Imo State Born Super Falcons

3 months ago
Group Asks APC, PDP, Other Parties To Pick Governorship Candidates From Kogi West

Group Asks APC, PDP, Other Parties To Pick Governorship Candidates From Kogi West

3 years ago
OF PROPHECIES AND REALITIES IN TODAY’S WORLD by Taiye Olaniyi

JD Vance Suggests Iran’s Uranium Stockpile Is Still Intact Despite US Strikes

4 months ago
Committee Of Friends Organises Reception In Honour Of Kogi Head Of Service, Elijah Evinemi

Committee Of Friends Organises Reception In Honour Of Kogi Head Of Service, Elijah Evinemi

4 months ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu US
No Result
View All Result

Highlights

Trailer Crushes Female University Lecturer To Death In Lokoja

Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

‎IMPI Revises Inflation Rate Projection To 14% From 17% For December

National Orthopedic Hospital Jalingo Signs MoU With Police Health Maintenance Limited

Former Kogi Senator In Trouble Over Attempts To Scuttle Appointment Of Amupitan As INEC Chairman, Action Raises Dust Among Kinsmen

Trending

Professor Amupitan Resumes Office As New INEC Chairman
News

Professor Amupitan Resumes Office As New INEC Chairman

by Vital News
October 23, 2025
0

Professor Joash Amupitan on Thursday resumed office as the new Chairman of the Independent National Electoral Commission...

Dangote Denies Ownership Of Truck Involved In Enugu Accident

Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident

October 23, 2025
Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

October 23, 2025
Trailer Crushes Female University Lecturer To Death In Lokoja

Trailer Crushes Female University Lecturer To Death In Lokoja

October 23, 2025
Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

October 22, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Professor Amupitan Resumes Office As New INEC Chairman October 23, 2025
  • Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident October 23, 2025
  • Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman October 23, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In