BY Bunmi Aduloju
The Nigerian National Petroleum Company (NNPC) Limited says the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project is almost at 70 percent completion.
Speaking during an inspection tour on Monday, Mele Kyari, group chief executive officer (CEO), NNPC Limited, said over $1.1 billion has been released so far to finance the project.
“Earlier today, Group CEO Mele Kyari, on an inspection tour of one of the AKK gas pipeline project sites in Ahoko, Kogi state, said the project is almost at 70 percent completion, with over $1.1 billion so far released to finance the project,” NNPC said on its official twitter page.
“The AKK gas pipeline is one massive project we are running as NNPC Limited. It has immense value for Nigeria and its socio-economic growth. The project has not stopped for one day. We have continued to fund it despite the absence of third-party financing.
“We have so far spent over $1.1 billion on this project from our cashflow. We are a commercial company today. We have inter-company laws within our company now. This company can fund this project, so we do not need any support to deliver this project now.
“As we speak now, we don’t owe a dollar to our contractors today. We paid all their invoices. There are over 30 active sites today in this project, and we are very hopeful that we will deliver this project.”
The construction of the 614km AKK pipeline project was flagged-off simultaneously in Kogi and Kaduna states by President Muhammadu Buhari in 2020, to encourage gas utilisation and serve as a springboard for the nation’s industrialisation.
The pipeline is a section of the Trans-Nigeria gas pipeline (TNGP).
It is designed to originate from the Ajaokuta terminal gas station (TGS) in Kogi, pass through Niger, Abuja, Kaduna, and terminate in Kano.
Meanwhile, in April 2022, the national oil company had said the project would be completed in the first quarter of 2023 but the deadline was missed.
Here are photos from construction site.
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