Siemens, a leading global technology company and PANA infrastructure have announced their collaboration to tackle Nigeria’s electricity infrastructure sector.
The partnership, according to them, is aimed at modernising and upgrading Nigeria’s electric power infrastructure through the provision of grid automation, creating job opportunities in the country, and smart infrastructure solutions across Nigeria.
The agreement signed between Siemens and PANA Infrastructure, focuses on enhancing grid reliability and stability, deepening electrification rates to meet the rapidly growing demand for electricity in Nigeria.
They stressed that the collaboration, solidified through a formal agreement, signifies a pivotal step towards addressing Nigeria’s pressing electricity challenges while fostering economic growth and technological advancement in the region.
Chief Executive Officer of Siemens Sub-Saharan Africa, Sabine Dall’Omo, said the collaboration underscores their commitment to fostering sustainable development and advancing technology in Nigeria.
“By combining Siemens’ expertise in smart grid technologies with PANA Infrastructure’s deep market insights, we aim to ensure a reliable power supply and drive economic progress in the region.
“Siemens reaffirms its commitment to Nigeria, with a focus on identifying and developing strategic business opportunities within the region. By leveraging a go-to-market strategy that includes knowledge platforms, collaborative business strategies, integrated sales and marketing teams, and global support, Siemens strives to bring significant business value to the Nigerian market,” said Dall’Omo.
Chairman of PANA Holdings, Daere Akobo, said the collaboration with Siemens is a pivotal opportunity to transform Nigeria’s power sector with commitment to addressing the country’s critical power infrastructure with the use of advanced low voltage, medium voltage, and smart grid management technologies.
“This collaboration is in alignment with the transformation agenda in the power sector by the Nigerian government to significantly improve power supply in the country, in a manner that translates to economic progress for all Nigerians,” he said.
They stressed that the partnership would concentrate on unlocking Nigeria’s potential in the industrial power sector for substantial investments in industrial modernization.
“This initiative aims to revolutionize Nigeria’s industrial landscape by harnessing the power of advanced technologies and solutions to enhance productivity, efficiency, and quality. Through local capacity development, enhancing employees’ skills and capabilities, Siemens and PANA Infrastructure will pave the way for a new era of industrial excellence in Nigeria,” they said.