The Federal Government of Nigeria has said it will flag off the construction of a $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline on Tuesday June 30, 2020.
The was announced by the Minister of State for Petroleum Resources, Dr. Timipre Sylva at the inauguration of a Committee on Gas Sector-wide Review of the Domestic Gas Pricing Framework at the weekend in Abuja.
The Minister said that President Muhammadu Buhari will flag off the construction of the Ajaokuta-Kaduna-Kano (AKK) gas pipeline in Ajaokuta, Kogi State and Rigachikun, Kaduna State respectively.
He noted that there was a need for revamping of the manufacturing industry, the citizens of the country, and the entire gas industry.
According to him; “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 further averred that the country has a lot of gas deposits that could generate a lot of income, adding that if the country could solve the gas problem, all the problems in the country would have been solved.
The Minister also noted that the committee was to review domestic gas price and benchmark and also recommend an appropriate gas price for the gas industry, evaluate and give technical suggestions and submit its report within 30 days.
Meanwhile, the Chairman of the Committee, Mr. Yusuf Usman in his address at the inauguration , thanked the Minister for the opportunity to serve and pledged the commitment and willingness of all members of the committee to follow and maintain global standards and deliver beyond expectations within the stipulated time frame.
The 614 kilometre-long pipeline, Usman, who is also the Chief Operating Officer, Gas and Power said, is being developed by the Nigerian National Petroleum Corporation (NNPC).
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