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Home Energy

Energy Summit: PIA Passage Our Greatest Energy Sector Achievement – Buhari

Business 360 by Business 360
April 18, 2023
in Energy
0
Federal Government tasked on transparency in lease renewal and digitization by Stakeholders

President Muhammadu Buhari has said the $2.8billion Ajaokuta-Kaduna-Kano AKK natural gas pipeline project, is currently at 43 per cent completion. The president also said the actualization of the Petroleum Industry Act (PIA) 2021 was his administration’s biggest achievement in the energy sector.

Buhari spoke in Abuja at the opening ceremony of the 6th edition of the Nigeria International Energy Summit (NIES) theme: Global perspectives for a sustainable future”.

The AKK project, when completed, is expected to transport up to 3500 million cubic feet of gas daily from various gas gathering projects, help to generate 3.6 gigawatts of power and support gas-based industries along the route.

He said: “At present, the 614-kilometre gas pipeline is 43 per cent completed.”

President Buhari, who was represented by the secretary to the government of the federation, Mr Boss Mustapha, said the passage of the two decades old bill into law was revolutionary as,” for decades, we were told that because of the various vested interests, it would be near impossible to pass the Bill.

But we made it happen”. According to him, after the enactment of the Act, his administration wasted no time in implementing some critical aspects of the provisions of the Act. Leadership

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