President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to reforming Nigeria’s power sector, describing stable electricity as a cornerstone for economic growth, job creation, education, and healthcare development.

Speaking on Monday at the State House, Abuja, while receiving a delegation from Siemens Energy led by Dietmar Siersdorfer, Managing Director for the Middle East and Africa, President Tinubu emphasized that improving electricity supply is crucial to transforming the lives of millions of Nigerians.

“There is no industrial growth or economic development without power. I believe that power is the most significant discovery of humanity in the last 1,000 years,” the President said.

Tinubu explained that his government’s ongoing power sector reforms are aimed at ensuring reliable and affordable electricity across the country, adding that access to stable power remains central to achieving Nigeria’s broader development goals.

He commended Siemens Energy for its collaboration with Nigeria under the Presidential Power Initiative (PPI), which seeks to modernize the national grid, expand transmission capacity, and deliver more electricity to homes and industries.

According to a statement released by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, the meeting discussed strategies for accelerating the implementation of power projects and overcoming challenges that have slowed progress in the past.

President Tinubu reiterated his administration’s readiness to work with global partners and private investors to build a sustainable power infrastructure that supports industrialization and improves citizens’ quality of life.

“The strength of any modern economy lies in the reliability of its power system. We must get this right for Nigeria to reach its full potential,” he said.

The Siemens delegation assured the President of the company’s commitment to supporting Nigeria’s energy transformation and contributing to the country’s long-term economic development.