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News and Research => Business => Topic started by: Olatunbosun on 2024-07-05 23:48

Title: Completion of OB3 gas pipeline will attract $2 billion into Nigeria’s economy —
Post by: Olatunbosun on 2024-07-05 23:48

"Our own from the private sector is now to actually to do our own beat which is to invest heavily and create job. Governments don't really great job. What they do is to give us the right policies, which I think, we have all these policies.

"You can see interventions in gas. Getting OB3 alone to work will have additional $2 billion inward into the economy. There are other industries that will also bring in a lot of money into the country," Dangote said.

What you should know
The OB3 pipeline project serves as a crucial link to the Ajaokuta-Kaduna-Kano (AKK) gas pipeline, forming an essential part of Nigeria's gas infrastructure.

The pipeline which started in 2020 by former president Muhammad Buhari is estimated at $2.8 billion.

According to the GCEO of NNPC, Mele Kyari, the infrastructure will come into operation by August and it will facilitate 2.2 billion scf gas across Nigeria.

Kyari said the project will revolutionize the gas industry, adding that it will meet the demands of the country.

More on Presidential Economic Council
President Bola Tinubu inaugurated the presidential Economic Coordination Council (PECC) on Thursday, July 4, 2024.

The team includes the president, the 36 state governors, lawmakers as well as members of the organized private sectors, among others.
dangoteee.jpg
On the part of the organized private sector members include: Alhaji Aliko Dangote; Mr. Tony Elumelu; Alhaji Abdul Samad Rabiu; Ms. Amina Maina,  Wale Tinubu, Mr. Segun Ajayi-Kadir; Dr. Funke Opeke; Dr. Doyin Salami; Mr. Patrick Okigbo; Mr. Kola Adesina; Mr. Segun Agbaje; Mr. Chidi Ajaere; Mr. Abdulkadir Aliu; and Mr. Rasheed Sarumi.

Origin
https://nairametrics.com/2024/07/05/completion-of-ob3-gas-pipeline-will-attract-2-billion-into-nigerias-economy-aliko-dangote/

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