NNPC: Nigerian National Petroleum Company Announces Imminent Inauguration of $2.8 Billion Gas Pipeline Project In a bid to reinvigorate Nigeria’s oil and gas sector, the Nigerian National Petroleum Company Limited (NNPC) has declared that the $2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project, constructed by Oilserve Limited, is set to be inaugurated in the coming month. This announcement was made by Oritsemiyiwa Eyesan, the Executive Vice President of Upstream at NNPC Limited, during the 41st Nigeria Association of Petroleum Explorationists 2023 expo held in Lagos.
Eyesan’s address, themed ‘Energy Infrastructure Development, Financing & Monetisation Strategies in Nigeria: Reducing the Risks of Entry’, highlighted the company’s unwavering dedication to Nigeria’s Gas Master Plan. She emphasized that the imminent completion and commissioning of the AKK gas pipeline project exemplify NNPC’s steadfast commitment to enhancing the nation’s energy infrastructure.
The AKK gas pipeline project, scheduled for inauguration in December, is anticipated to revolutionize the operational landscape of NNPC and pave the way for increased investments within the oil and gas sector. Eyesan emphasized, “NNPC is poised to drive more investments into the oil and gas sector, and the commissioning of the AKK gas pipeline is a significant step in this direction.”
Government’s Commitment to Oil and Gas Sector Development
Eyesan’s pronouncement resonates with the government’s strong determination to facilitate development in Nigeria’s oil and gas sector. This commitment is further underscored by the economic ties President Tinubu has established with Saudi Arabia and the Islamic Development Bank. These partnerships have culminated in substantial pledges of investment into the Nigerian economy, particularly in the oil and gas sector, and critical infrastructure facilities. The collaboration is poised to catalyze a comprehensive overhaul of Nigeria’s economic development and growth trajectory.
The imminent inauguration of the AKK gas pipeline aligns with the government’s broader strategy to enhance the nation’s energy infrastructure. President Tinubu’s efforts to forge alliances and secure significant investments underscore a concerted drive towards bolstering Nigeria’s economic resilience through strategic partnerships in vital sectors.
