Siemens, PANA Infrastructure in Groundbreaking Initiative to Modernize Nigeria’s Energy Sector

Siemens and PANA Infrastructure have announced a strategic partnership to address the challenges facing Nigeria’s electricity infrastructure sector. The initiative aims to increase energy stability and create jobs in Nigeria. By combining their expertise, the companies aim to strengthen Nigeria’s energy sector.

Siemens, a leading global technology company, and PANA Infrastructure, a Nigerian conglomerate expanding its presence in sub-Saharan Africa, have officially announced a strategic partnership to modernize and enhance Nigeria’s electricity infrastructure by providing grid automation and smart infrastructure solutions across the country.

This cooperation, consolidated by a formal agreement, marks a key step towards addressing Nigeria’s pressing electricity challenges while supporting economic growth and technological progress in the region.

“This partnership underscores our commitment to promoting sustainable development and advancing technology in Nigeria,” said Sabine Dall’Omo, CEO of Siemens Sub-Saharan Africa. “By combining Siemens’ expertise in smart grid technologies with PANA Infrastructure’s deep market knowledge, we aim to provide reliable power and drive economic progress in the region.”

According to Mr. Daere Akobo, Chairman of PANA Holdings, “This strategic partnership with Siemens is a key opportunity to transform Nigeria’s energy sector. We are committed to addressing Nigeria’s critical energy infrastructure using advanced low voltage, medium voltage and smart grid management technologies. This partnership is in line with the Nigerian Government’s Energy Transformation Plan to significantly improve the country’s energy supply in a way that translates into economic progress for all Nigerians.”

The agreement signed between Siemens and PANA Infrastructure focuses on increasing grid reliability and stability and deepening electrification rates to meet the rapidly growing electricity demand in Nigeria.

At the same time, recognizing Nigeria’s potential to significantly invest in industrial modernization, the partnership will focus on unlocking Nigeria’s potential in the industrial energy sector. This initiative aims to revolutionize Nigeria’s industrial landscape by harnessing the power of advanced technologies and solutions to increase productivity, efficiency and quality. By developing local capabilities, enhancing the skills and capabilities of the workforce, Siemens and PANA Infrastructure will pave the way for a new era of industrial excellence in Nigeria.

“Siemens is reaffirming its commitment to Nigeria by focusing on identifying and developing strategic business opportunities in the region. Leveraging a go-to-market strategy that includes knowledge platforms, business collaboration strategies, integrated sales and marketing teams, and global support, Siemens aims to bring significant business value to the Nigerian market,” says Sabine Dall’Omo.

Meanwhile, PANA Infrastructure is positioning itself as a key player in understanding and anticipating the needs of industry stakeholders and local communities. Through the integration of innovative technologies and the creation of strategic partnerships, PANA Infrastructure provides sustainable solutions that support Nigeria’s development across multiple industry sectors.

According to a report provided by APO Group on behalf of Siemens AG, this strategic collaboration between Siemens and PANA Infrastructure combines proven expertise and application know-how, ensuring the highest quality of implementation of solutions for the industrial energy sector in Nigeria.

He added that by addressing key challenges in Nigeria’s energy and industrial sectors, including electricity losses, rural electrification, capacity building, local manufacturing, technology transfer and quality standards, the partnership aims to drive sustainable growth and development in Nigeria.

GIK/APA