• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Energy

NNPC says AKK gas pipeline is 70% complete with $1.1 billion spent

Omono Okonkwo by Omono Okonkwo
April 24, 2023
in Energy, Sectors
NNPC says AKK gas pipeline is 70% complete with $1.1 billion spent
Share on FacebookShare on TwitterShare on Linkedin

Article Summary

  • The AKK gas pipeline project is 70% complete according to NNPC Limited.
  • The project missed its completion deadline in Q1/2023.
  • AKK gas pipeline will help Nigeria with its gas-based industrialization plans.

On Monday, April 24, the Nigerian National Petroleum Company (NNPC) Limited announced that the Ajaokuta-Kaduna-Kano gas pipeline is 70% complete. The company made the announcement via its Twitter account. The announcement read thus:

“Earlier today, the Group Chief Executive Officer, Mele Kyari on an inspection tour of one of the AKK gas pipeline project sites in Ahoko, Kogi State said the project is almost at 70% completion with over $1.1 billion so far released to finance the project.”

The company quoted Mele Kyari, as saying:

“The AKK gas pipeline is one massive project we are running as NNPC Limited. It has immense value for Nigeria & its socio-economic growth. The project has not stopped for one day. We have continued to fund it despite the absence of third-party financing.”

RelatedStories

Imo State rises as gas powerhouse as ANOH plant commences production in July 2025

Imo State rises as gas powerhouse as ANOH plant commences production in July 2025

May 31, 2025
Nigerians should expect immediate relief from new fuel pump price burden

Nigerians should expect immediate relief from new fuel pump price burden

June 2, 2023

“We have so far spent over $1.1 billion on this project from our cash flow. We are a commercial company today. We have inter-company laws within our company now. This company can fund this project, so we do not need any support to deliver this project now.

“As we speak now, we don’t owe a dollar to our contractors today. We paid all their invoices. There are over 30 active sites today in this project, and we are very hopeful that we will deliver this project.”

“The Ajaokuta Kaduna Kano (AKK) GAS pipeline will flow 2 billion standard cubic feet per day (Bscf/d) and will power industries, power plants & create gas-based industries. By Q3 2023, we will complete the entire welding job on this line which means we will be able to energize it by the end of this year.”

NNPC says AKK gas pipeline is 70% complete with $1.1 billion spent

Missed deadline

In April 2022, Mele Kyari announced that the company was confident that the AKK gas pipeline project would be complete by the first quarter of 2023. At the time, he had said:

“We are very confident that by the first quarter of 2023, we will put gas on these pipelines. This project will be delivered on schedule and timely, we are putting in place everything required to deliver the project.

“We have missed some schedules, but we are doing a catch-up, we have put a number of interventions that are necessary, including deployment of additional resources required to deliver the project.”

Some facts about the AKK gas pipeline

In May 2022, Mr. Emeka Kwuosa, the Chairman, of Oilserv Limited Oilserv Limited, the contractor handling the ongoing Ajaokuta-Kaduna-Kano (AKK) gas pipeline project said the following about the AKK gas pipeline project:

The project is a good target for European markets in view of exploring opportunities for gas exportation.

It is the single largest gas project in Nigeria, which is important and is expected to stimulate gas infrastructural development and industrialization in the country.

When complete, the AKK gas pipeline project would boost the agricultural and manufacturing sectors, carbon footprint as part of measures to cut down on global warming and provide gas for the generation of power and gas-based industries.


Follow us for Breaking News and Market Intelligence.
Tags: Nigerian National Petroleum Company
Omono Okonkwo

Omono Okonkwo

Omono Okonkwo is an accomplished Mass Communicator, with a remarkable track record spanning over a decade across various dimensions of the field. Her proficiency encompasses Print, Digital, and Broadcast Journalism, Copywriting, Research and Writing, Podcasting, Public Speaking, as well as a comprehensive grasp of Energy Markets. Her engagement in energy market coverage commenced officially in 2016, as she assumed the role of a country correspondent (Nigeria) with Natural Gas World, a subsidiary of Minoils Media based in Vancouver, Canada. Since then, Omono Okonkwo has consistently demonstrated excellence and left an indelible mark on the ever-evolving energy sector.

Related Posts

Imo State rises as gas powerhouse as ANOH plant commences production in July 2025
Energy

Imo State rises as gas powerhouse as ANOH plant commences production in July 2025

May 31, 2025
Nigerians should expect immediate relief from new fuel pump price burden
Business News

Nigerians should expect immediate relief from new fuel pump price burden

June 2, 2023
Fuel price
Energy

TIPS: How to cope with fuel subsidy removal in Nigeria

June 1, 2023
NNPC is playing a lead role in implementing Nigeria’s gas expansion program – Mele Kyari
Energy

Funding for Nigeria-Morocco gas pipeline project in progress – Mele Kyari

April 8, 2023
Why fuel subsidy removal cannot wait any longer - energy expert
Energy

Why fuel subsidy removal cannot wait any longer – energy expert

April 6, 2023
Changes to petrol price is not enough reason for panic buying – NNPC Limited
Energy

NNPC successfully spuds the Ebenyi-1 well in Nasarawa State

March 28, 2023
Next Post
Olivia Court Lagos

Terra Developers Launches Four Properties to Tackle Housing Crisis.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • 10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 
  • Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 
  • HealthCap Africa launches HealthTech Unicorns Report 2.0 in Lagos, charts bold future for Africa’s health innovation

Follow us on social media:

Recent News

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

July 12, 2025
Geregu Power PLC wins “Most Compliant Listed Company” at 2024 Made of Africa Awards  

Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 

July 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics