AKK project will enhance gas utilization for industrialisation- Buhari



President Muhammadu Buhari says successful completion of the Ajaokuta-Kaduna-Kano, AKK Project in 2023 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 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 revealed that the project also increase government revenue and create more jobs opportunities unemployed Nigerians.

The President said that companies had been shut down due to power supply problem across the country.

He explained that it take two to three 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 organized 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 issue.

Also speaking, the Group Managing of NNPC, Mr Mele Kyari, said that the AKK project had been drawing board past years.

Kyari said when completed, it 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 revive about 232 industries along AKK corridor.

In his remarks, the Emir of Kano, Alhaji Aminu Ado-Bayero, commended the Federal Government project, which he said, also assist to enhance socioeconomic activities in the state.

He said that using gas for domestic purposes assist to create more job opportunities, reduce deforestation and enhance livelihood of people.

Ado-Bayero called on Nigerians to to pray for leaders to enable them to execute projects. (NAN)