Ajaokuta-Kaduna-Kano gas pipeline project to boost power generation, industrial growth ―Kyari

The General Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Mele Kyari on Tuesday said the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will boost power generation capacity by 3,600MWs and foster industrial growth.

Also, he said the project will inject 2.2 billion standard cubic feet gas daily, to the domestic market.

Kyari spoke at the groundbreaking ceremony of the project in Ajaokuta.

His words: “Upon completion, the project will enable the injection of 2.2bscf per day of gas into the domestic market and facilitate additional power generation capacity of 3,600MW.

“The realisation of this project will, therefore, bring about the needed transformation in power generation and industrial growth in the country.”

According to him, the Corporation is expanding its domestic gas footprint in line with the President’s economic diversification efforts.

He said part of this was the delivery of the Trans-Nigeria Pipeline Project which include the Escravos to Lagos Pipeline System (ELPS) 2, the Obiafu,-Obrikom-Oben (OB3) gas pipeline and the Ajaokuta-Kaduna-Kano (AKK) gas pipeline.

“Construction of these critical enablers is in line with NNPC’s responsibility of implementing the National Gas Infrastructure Blueprint which is part of the Nigerian Gas Master Plan.

ALSO READ: Akindele: We lost a patriot, business mentor ―  Sen Balogun

“The master plan is meant to leverage on the nation’s huge natural gas reserve base to stimulate unprecedented economic growth and enable Nigeria’s migration from the current mono-economy into a diversified economy,” he said.

Consequently, he disclosed that all the required conditions precedent for closing the debt financing had been provided and the process of obtaining internal approvals by the Lenders was in progress to enable financing close by August.

He stressed that the NNPC would utilise the equity contribution to commence execution of the project to recover lost time and put the project back on track.

“We are confident that the EPC contractors will deliver the project on time, within budget and to quality,” he said.

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

Court Threatens To Revoke Shehu Sani’s Bail
The Federal High Court, Abuja, Monday, said it would revoke the bail granted Senator Shehu Sani if he fails to appear in court on the next adjourned date for the trial of the two-count criminal charges preferred against him by the
Economic and Financial Crimes Commission… Read Full Story

Buhari Appoints New Chief Personal Security Officer
President Muhammadu Buhari has approved the appointment of Deputy Commissioner of Police (DCP), Aliyu Abubakar Musa, as his Chief Personal Security Officer (CPSO). He replaces Commissioner of Police (CP) Abdulkarim Dauda, who was recently redeployed… Read Full Story

APC: Buni-Led Caretaker Committee Promises True Reconciliation
As part of measure to make progress on its mandate in reconciling all factions in the ruling All Progressives Congress, the Governor Mai Mala Buni-led committee has promised to embark on genuine reconciliation of all party leaders and members ahead of the planned convention… Read Full Story

NITDA Can Finance Nigeria’s Annual Budget ―Reps Public Account
The House of Representatives says the National Information Technology Development Agency (NITDA) has the wherewithal to finance the country’s annual budget if given the necessary environment… Read Full Story

No Fee Is Charged For NIS Recruitment ― CG
The Nigeria Immigration Service (NIS) has warned applicants against patronising fake recruitment sites as no fee was charged for NIS recruitment. The Comptroller General, NIS, Mr Muhammad Babandede, gave the warning in a statement by the Service Public Relations Officer (SPEO), Mr Sunday James… Read Full Story

Inside Ibadan Slums Where Water Scarcity, Open Defecation Thwart Efforts At Ending COVID-19 Pandemic
Ibadan, Nigeria’s third most populous city, wears rusted zinc-roof like a royal hat. Weak bricks, cracked and patchy walls are strewn all about the outskirts of the city. The waft of open sewage soaks the air… Read Full Story

Buhari To Perform Virtual Flag-Off Of Ajaokuta-Kaduna-Kano Gas Pipeline Tuesday
President Muhammadu Buhari will on Tuesday, conduct a virtual flag-off of the 614km Ajaokuta-Kaduna-Kano Gas Pipeline construction project, the Nigerian National Petroleum Corporation (NNPC) has said… Read Full Story

Whistleblower Allegation Of $1bn In Unity Bank Account False ― NPA
The Nigerian Ports Authority (NPA) has refuted claims that it has an account containing $1bn in Unity Bank Plc. In a statement signed by the General Manager, Corporate and Strategic Communications of the NPA, Jatto Adams, the agency said that the account number being peddled in public glare by the whistleblower… Read Full Story

COVID-19: Over 2 Million Transport Workers In Critical Condition —Wabba
The President, Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, has cried out that over two million of the congress affiliate members in the road transport sector are worst hit by the effect of the COVID-19 lockdown; and are in critical condition, dying in silence… Read Full Story

EDITORIAL: The Demolition Of Nigeria’s High Commission In Ghana
A Ghanaian citizen recently attacked the Nigerian High Commission in the country, demolishing a part of it. Expectedly, the action caused ripples in the diplomatic circles, with some observers wondering what such an action portended for the relationship between Nigeria and Ghana, which was until then presumably chummy… Read Full Story

Ending The Cable Tv Profiteering
It was like a movie, watching the proceedings of the Ad Hoc Committee set up by the House of Representatives, to probe the hike of subscription rates by cable television service providers. The Chairman of the said Committee, Hon Unyime Idem, took me back to my Aluta days at Obafemi Awolowo University… Read Full Story

NIGERIAN TRIBUNE

You might also like
Comments

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More