US $2.8 BILLION GAS PIPELINE PROJECT FLAGGED OFF IN NIGERIA

President Muhammadu Buhari flag off the construction of a US $2.8 billion gas pipeline project. The  Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will be 614km-long stretching across the northern part of Nigeria. 

The US $2.8 billion gas pipeline project is currently being developed by the Nigerian National Petroleum Corporation (NNPC). The natural gas pipeline is intended to boost Nigeria’s electricity generation capacity, as well as strengthen the industrial sector within the country’s eastern and northern regions. More so, it will help reduce the huge quantity of gas flaring in the country. Nigeria has over 203TCF of proven natural gas, hence, this project will be unlocking the huge economic potential. The project is very timely as government is seeking to spend on capital projects that will prevent an impending recession.

 

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