President Muhammadu Buhari has flagged-off the construction of the Ajaokuta-Kaduna-Kano gas pipeline project, popularly called AKK project.
A project which was estimated to worth about 2.8 billion dollars was inaugurated by the President virtually by the Presidential Villa, Abuja, at exactly 10:25 GMT.
Performing the ground-breaking ceremony, President Muhammadu Buhari assured citizens that the project would boost the Nigerian Economy.
He expressed government’s determination to continue to enhance the livelihood of its citizens.
The Project will also facilitate the development of three (3) base independent power plants (IPPs) in Abuja (1350MW), Kaduna (900MW) and Kano (1350MW) and steer the development of gas based industries along its corridor and beyond.
Federal Executive Council awarded the Engineering Procurement and Construction Contract (EPC) in favour of Oilserv Plc Consortium & CFHEC for lot1, while Brentex Petroleum Services and China Pipeline Bureau (Brentex-CPP) got lot2
The project is on build-and-transfer-basis (BT) with a completion period of 24 months and defect liability period of 12months.
The right of way for the proposed AKK gas pipeline is planned to run parallel to the existing Nigerian Pipelines and Storage Company’s 16 inch-crude oil and 12 inch- product pipelines wherever possible.
The AKK Project when completed offers enormous economic and social benefits to the nation. It would unlock 2.2 billion cubic feet of gas to the domestic market, support the addition of 3,600 mega watts of power to the national grid and revitalize textile industries which alone boast of over 3 million jobs in parts of the country. In addition, the AKK project will support the development of petrochemicals, fertilizer, methanol and other gas-based industries that will generate employment and facilitate balanced economic growth.