• Sunday, November 03, 2024
businessday logo

BusinessDay

AKK project to serve as a gas supply link to Africa, Europe- NNPC

Explore every means to end fuel importation, Kyari charges subsidiary

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation

Nigeria is set to establish a gas supply link to other African countries and the European continent.

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari made this known in Kano State at a Gas Sector Stakeholders’ Forum with the theme: “Optimizing the Economic Development Capacity of Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project”,

He said the ongoing 614kilometres Ajaokuta-Kaduna-Kano (AKK) gas pipeline project has the capacity of revamping about 232 industries, creating massive employment opportunities, and guaranteeing peace and prosperity for the people. He assured that the project would be completed on schedule.

NNPC spokesman Kennie Obateru who released a statement on the stakeholders’ forum said Kyari delivered a paper titled: “The AKK as an Economic Development Game-Changer – NNPC’s Vision, Contributions, & Plan Forward”.

“This project has been on the drawing board for 30 years and the dream was to have gas delivered to Europe across the Trans-Sahara route. What we are seeing today would deliver at least 2billion standard cubic feet of gas to the domestic market at the first instance with the potential to increase it. What this means is that it will debottleneck the gas supply network in the entire country,” Kyari informed.

He said the AKK gas project would also lead to the development of three Independent Power Plants (IPP) in Abuja, Kaduna, and Kano, adding that the IPPs would boost electricity supply and promote the growth of small and medium scale enterprises in Nigeria.

Read also: PIB: Govs back unbundling of NNPC as bill suffers set back in Reps

“I want to state clearly that this gathering would not have been possible if we don’t have a line of sight to the completion of the AKK gas pipeline project. This is possible because of the clear direction that Mr. President has shown on the need to deepen domestic gas consumption with a view to creating prosperity out of the enormous gas resources we have as a nation. He has given us all the necessary support and incentives to deliver on this project,” he stated.

Mallam Kyari said the AKK gas project would also boost the Agricultural, Industrial, Manufacturing, and Power Sectors for the overall growth of the nation’s economy.

He averred that the AKK gas pipeline project was in sync with the aspiration of the Federal Government to reduce the nation’s carbon footprint in line with the global quest to arrest global warming and climate change and in furtherance of the Decade of Gas programme.

According to him, gas is a key driver of prosperity all over the world and it cannot be different in Nigeria, stressing that the extensive industrial layout in the Otta area of Ogun and Lagos States is anchored on the gas supply by the NNPC and its partners which is creating jobs and other opportunities for people.

In his keynote address, the Minister of State for Petroleum Resources, Chief Timipre Sylva, said the Gas Sector Stakeholders Forum would ensure collaboration amongst stakeholders geared towards kick-starting the required activities that would guarantee full usage of the gas to be delivered through the AKK pipeline when completed.

“Today’s event reinforces our commitment to realizing the inherent potentials of gas usage as a national catalyst for achieving economic diversification from crude oil and as a transition fuel from fossil of today to the renewable energy of tomorrow,” Chief Sylva submitted.

The event had in attendance major stakeholders in the oil and gas value chain and the Governor of Kano, Alhaji Abdullahi Ganduje, while the Governors of Nasarawa, Niger, Kaduna, the Hon Minister of Finance, and Alhaji Aliko Dangote joined virtually. The Governor of Kogi State sent a representative.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp