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Buhari to flag off $2.8bn AKK pipeline construction on June 30


If things go as planned, President Muhammadu Buhari will flag off the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline construction on June 30.

The Nigerian National Petroleum Corporation (NNPC) has been developing the 614km-long AKK pipeline construction gas pipeline.

Mr. Timipre Sylva, Minister of State, Petroleum Resources, made the disclosure in Abuja on Tuesday while inaugurating a ‘Committee on Gas Sector-wide Review of the Domestic Gas Pricing Framework, with the responsibility of evaluating and reviewing the price of gas in the country.

Sylva said “without appropriate pricing, we can’t get it right. We have to ensure that gas becomes affordable. It is sad to note that we sell gas cheaply to investors while the price is high in the domestic market to the extent that some Nigerians say diesel is cheaper than gas”.

Sylva listed the terms of reference of the committee to include; the review of domestic gas price and benchmark, make recommendations for the appropriate gas prices for the respective gas sectors, make evaluations, and technical suggestions. The committee has 30 days to submit its report.

Speaking on behalf of the committee, Chairman of the committee, Yusuf Usman, Chief Operating, Officer Gas and Power, pledged to deliver in line with their mandate and in record time, assuring the minister that the committee would evaluate the price of gas in line with global standards.

Meanwhile, the Federal Government has come under heavy criticism from the civil society groups who frowned at their exclusion from the processes leading to the forthcoming 2020 marginal oil fields bid round.

In a statement released by the civil societies on Wednesday, they noted that such deliberate exclusion casts a slur on the intentions of the government to run a transparent bid process.

Source Sun News Online
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