Good news for Nigeria as national grid prepares to receive 3,600 megawatts gas-powered electricity
- Nigeria's national grid will soon receive 3,600 megawatts gas-powered electricity
- This is due to the fast-paced nature of the Ajaokuta-Kaduna-Kano natural gas pipeline project
- The pipeline also has the potential of generating employment as it would support the development of gas-based industries
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The Ajaokuta-Kaduna-Kano natural gas pipeline launched on Tuesday, June 30, 2020, will soon be ready.
An ardent supporter of President Muhammadu Buhari, Omasoro Ali Ovie has revealed that workers assigned to the project used the lockdown period to attain 15% completion of the mega facility.
Ovie revealed this in a tweet on Friday, January 22, adding that the facility will ensure Nigeria gets an additional 3,600 megawatts gas-powered electricity.
He added that the $2.8billion project will spur hundreds of industries to open in Kogi, Kano, Kaduna states, and Nigeria at large.
Legit.ng gathered that the pipeline which passes through the three states mentioned above and the Federal Capital Territory, Abuja, is a section of the Trans-Nigeria Gas Pipeline (TNGP) with the capacity to transport 2.2 billion cubic feet of gas per day.
Source: Twitter
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The project has been divided into three phases, under a build and transfer model, in a public-private partnership arrangement, which involves the contractor providing 100 per cent of the financing.
The pipeline reportedly has the potential of generating employment as it would support the development of petrochemicals, fertilizer, methanol and other gas-based industries.
It is also expected that the project when completed, will boost domestic utilization of natural gas thereby bringing about social-economic development.
In December 2020, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Alhaji Mele Kyari, had equally announced that the project is at 15% completion.
According to him, the project is presently crossing the river Niger, through the Ndoni-Aboh river crossing in Rivers and Delta states which will deliver gas from the eastern part to the country into the western corridor.
Legit.ng had reported that Governor Abubakar Sani Bello of Niger state joined President Muhammadu Buhari in a virtual flag-off of the construction phase as one of the key stakeholders of the project.
The project which was launched virtually by the president was also witnessed by the governors of Kano, Kaduna and Kogi states through video conferencing.
In a related development, the presidency has announced that the Central Bank of Nigeria (CBN) has so far disbursed N14.35 billion to the Distribution Companies of Nigeria (DisCos), to cover the procurement of 263,860 meters under the National Mass Metering Programme.
According to the CBN, the facility disbursed is a loan that must be repaid by the DisCos on the basis of the previously agreed amortisation schedule.
Consequently, the repayment is to be deducted from payments made by consumers into the DisCos accounts with commercial banks.
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Source: Legit.ng
