One of the big promises made by President Muhammadu in his campaign for Nigeria’s presidency is the Ajaokuta-Abuja-Kaduna-Kano (AKK) gas pipeline project. AKKGasPipeline AKKGas Pipeline Buhari Infrastructure Nigeria
The project entails the “engineering, procurement, construction and commissioning” of 614-kilometers gas pipeline and stations, traversing the states of Kogi, Niger, FCT, Kaduna and Kano. It is to transport dry gas from the nation’s rich gas fields in the Niger Delta to the Northern parts of Nigeria.
This arose from a rethinking on the part of the Nigerian National Petroleum Corporation which came up with a new project financing design by with the balance of 15 percent of financing was taken up by them. The Nigerian Gas Company a subsidiary of the NNPC quickly intervened to provide the required 15 per cent, the equivalent of US 434 million equity contributions from internal sources and accumulated revenues.
It will also give the nation energy security and act as a catalyst to propel industrial development and boost agriculture in the country. The President is determined to accomplish the project in the 24-month period of the signed agreement. The period falls within the balance of period covered by his Second Four Year Term.
If you take away the Abuja-Kaduna-Kano expressway, all the major projects under the Presidential Infrastructure Development Fund with dedicated funding from the Nigeria Sovereign Investment Authority, and lately the recovered loot from Abacha are all inherited from past administrations: the Second Niger Bridge, the Lagos-Ibadan Expressway and the Mambila Power Project.
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