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AKK project will enhance gas utilisation for industrialisation- Buhari

by Business News Report

President Muhammadu Buhari says successful completion of the Ajaokuta-Kaduna-Kano, AKK Project in 2023 would enhance domestic gas utilisation as the mainstay for national industrialisation. Buhari stated this at the opening ceremony of the 2021 Gas Sector Stakeholders (AKK) Forum organised by the Gas Aggregation Company Nigeria (GACN) on Thursday in Kano. He was represented by the Minister of State for Petroleum, Timipre Sylva. “Today’s event reinforces our commitments to realizing the inherent potentials of gas usage as a national catalyst for achieving economic diversification from crude oil and as transition period to the renewable energy,” he said.

He said that the project would also increase government revenue and create more jobs opportunities for the unemployed Nigerians. The President said that many companies had been shut down due to power supply problem across the country. He said that it would take two to three years to reactivate those industries to their optimal performance. Buhari also said that the Federal Government has reduced the price of gas from 2 dollars 50 cents to 2 dollars 18 Cents. “Let me use this medium to announce that following successful negotiations between Federal Government of Nigeria and organised unions, the price of gas has been reduced from $2.50 Cents to $2.18 Cents, with immediate effects,” he said.

He said that all the relevant stakeholders had been communicated on the issue. Also speaking, the Group Managing Director of NNPC, Mr Mele Kyari, said that the AKK project had been on the drawing board for the past 30 years. Kyari said when completed, it would provide enough gas for both domestic and export purposes. “Nigeria has huge gas resources, gas means prosperity and delivering gas is an opportunity creation,” he said. He pointed out that the project would revive about 232 industries along AKK corridor. In his remarks, the Emir of Kano, Alhaji Aminu Ado-Bayero, commended the Federal Government for the project, which he said, would also assist to enhance socioeconomic activities in the state. He said that using gas for domestic purposes would assist to create more job opportunities, reduce deforestation and enhance livelihood of people. Ado-Bayero called on Nigerians to continue to pray for leaders to enable them continue to execute development projects. (NAN)

Meanwhile the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured that the ongoing 614kilometres Ajaokuta-Kaduna-Kano (AKK) gas pipeline project would be delivered on schedule, create prosperity through massive job opportunities and guarantee peace for the country. A statement by the Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, disclosed that the GMD stated this Thursday at Gas Sector Stakeholders’ Forum which held in Kano, Kano State, with theme: “Optimizing the Economic Development Capacity of Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project”. 

In a paper titled: “The AKK as an Economic Development Game-Changer – NNPC’s Vision, Contributions, & Plan Forward,” Mallam Kyari, stated that the AKK gas project would help revamp about 232 industries creating massive employment opportunities and prosperity for the people. He said it would also serve as gas supply link to other African countries and Europe upon completion.  “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,” Mallam Kyari said.  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 the Nigeria.

“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.  

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