Buhari to flag-off $2.8bn Ajaokuta-Kaduna-Kano pipeline project by June 30
•As Sylva inaugurates committee on gas price review
President Muhammadu Buhari is expected to flag off the $2.8billion Ajaokuta-Kaduna-Kano (AKK) natural gas pipeline project by 30th, June 2020, the Minister of State for Petroleum Resources, Timipre Sylva on Tuesday disclosed.
The 614km-long pipeline project being developed by Nigerian National Petroleum Corporation (NNPC) will transport natural gas from the South to North.
The Minister who made the disclosure at a partially virtual event in Abuja also inaugurated the committee on Gas Sector-wide Review of the domestic Gas pricing framework.
He said the committee will be charged with evaluating and reviewing gas prices in the country.
According to him, members of the committee are to review domestic gas price and benchmark, make recommendations for an appropriate gas price for the respective gas sectors, make evaluations, technical suggestions with a turnaround time of thirty days.
While stressing the need for an appropriate price system which would greatly benefit the manufacturing industry, he said there is a need to ensure its affordability.
He said: “without appropriate pricing, we cannot have it right. We have to ensure that gas becomes affordable. That is the only way our country can strive. It is sad to note that we sell gas cheaply to investors while the price is high in the domestic sector to the extent that some Nigerians say diesel is cheaper than gas.
“Once we solve the issue of gas in Nigeria we would have solved a lot of problems in Nigeria. Luckily for us, gas is something we have in abundance.”
Sylva noted that members of the committee were people with diverse opinions saying; “I think it is for a good reason that this committee is as large as it is. Members of the committee have been chosen to bear in mind the need for diverse opinions, commitment and dedication.”
On his part, Chairman of the committee Engr. Yusuf Usman, Chief Operating Officer Gas and Power, assured that the committee would look into the commodity and evaluate its price in comparison with global standards.
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