ICRC Lauds FG’s Approval of Ajaokuta-Kaduna-Kano Gas Pipeline

255
Spread the love

The Infrastructure Concession Regulatory Commission (ICRC) has commended the Federal Executive Council (FEC) over the approval of the US$2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project.

The Public Private Partnership (PPP) compliance certificate of the project in line with the ICRC Act and the National Policy on Public Private Partnership was issued by the Commission on the 10th of July, 2017.

The project will be delivered through a Build and Transfer (BT) PPP model with 100 per cent Contractor Financing.

The 614 kilometre 40-inch gas pipeline project was presented by the Minister of State for Petroleum to FEC together with the Compliance Certificate.

The AKK Gas Pipeline Project constitutes Phase 1 of the Trans-Nigeria Gas Pipeline (TNGP) Project. It originates from Ajaokuta traversing Abuja, Kaduna and terminating at a terminal gas station in Kano. The proposed pipeline will be supplied with quality gas sourced from various gas gathering projects.

In 2008, the Federal Government approved the Nigerian Gas Master Plan (NGMP) to accelerate the development of gas pipeline infrastructure for domestic and export markets with the intent of maximising the effect of gas in the domestic economy, ensuring long – term energy security while optimising the country’s export gas capability.

According to a statement from the Commission, “the ICRC congratulates His Excellency, President Muhammadu Buhari for his leadership on this monumental and nationally transforming project.

“We also congratulate the Minister of State, Petroleum Resources Dr. Ibe Kachikwu and the GMD of NNPC, Dr. Maikanti Kachalla Baru on this laudable attempt at bequeathing to Nigeria a viable platform for sustainable growth and competitiveness in line with President Muhammadu Buhari’s infrastructure development vision,” the statement added.

Credit: Thisday


Spread the love



Leave a Reply

Your email address will not be published. Required fields are marked *