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FEC approves N2.5bn for gas pipeline installation

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The Federal Executive Council, FEC has approved N2.5billion for a pipeline installation for the transportation of dry gas through the North and South corridors to the West corridor of the country.

According to Punch, the 30-kilometre project, which is operated by Shell and Seplat, has a dollar component of $32m and is expected to be completed within a period of 18 months.

Apparently, the approval was one of several memos considered by the FEC in Abuja during a 10-hour meeting. The meeting was presided by President Muhammadu Buhari.

Speaking on the reason for the project, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said the aim of the pipeline contract which is to be executed by the Nigerian National Petroleum Corporation, NNPC was to ease the movement of gas across the country.

He said, “the significance of this is that the more we can gather gas to feed-stock the pipelines that were built, the easier it will be to create that hop we are looking for to move gas around the corridors of Nigeria, north, south, east and west as the case may be.”

He further explained that the ministry got another memo approved for the procurement of fire trucks for the headquarters of the Nigerian Content Monitoring Board at the cost of N420m. The council also looked into the problem of open defecation in the country and the Federal Government’s bid to end it by 2025.

Source Punch
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