President Bola Ahmed Tinubu has announced plans to provide Nigerians with reliable power supply and petroleum products.
Tinubu disclosed this in his New Year broadcast on Monday.
The president said his administration plans to deliver reliable electricity to homes and businesses by speeding up the Siemens Energy Power Project delivery.
He added that in 2024, his government is moving closer to restarting local petroleum products, with Port Harcourt Refinery and Dangote Refinery coming on stream.
"Having laid the groundwork of our economic recovery plans within the last seven months of 2023, we are now poised to accelerate the pace of our service delivery across sectors.
"Just this past December, during COP28 in Dubai, the German Chancellor, Olaf Scholz, and I agreed and committed to a new deal to speed up the delivery of the Siemens Energy power project that will ultimately deliver a reliable supply of electricity to our homes and businesses under the Presidential Power Initiative which began in 2018.
"Other power installation projects to strengthen the reliability of our transmission lines and optimise the integrity of our National grid are ongoing across the country.
"My administration recognises that no meaningful economic transformation can happen without a steady electricity supply. In 2024, we are moving further in our quest to restart local refining of petroleum products with Port Harcourt Refinery and the Dangote Refinery, which shall fully come on stream", he said.
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