By May 29 this year, it will be exactly one year that President Bola Tinubu took over the mantle of leadership as Nigeria's president. During the swearing in of Tinubu as Nigeria's 16th President about a year ago, his agenda for the economy was loud and clear to target a higher Gross Domestic Product growth rate and to significantly reduce unemployment
For a man who has transformed the NNPCL within the last four years despite the mounting opposition to some of his reforms initiatives, it is gratifying to know that the President believes in his capacity to implement energy policies that will enable the federal government to monetize all available oil and gas resources of today while paving the way for the total exploitation of new and cleaner energy sources of tomorrow.
The project is expected to generate between $700m and $800m annually within the first ten years of operations. On completion, the GIPP Project will generate an average of 10.3 million Megawatt hour of electricity per year for sale to the Nigerian Bulk Electricity Trading Plc . The power generation project, aside from providing reliable and sustainable electricity to the city of Maiduguri, and its environs will also be a significant addition to the many initiatives aimed at ensuring domestic gas utilisation.
The president's visit to India was focused on attracting investments to Nigeria with lucrative opportunities for investors, but most importantly, jobs for Nigerians and new revenue opportunities for the country. The AKK Gas Pipeline is an integral part of the Trans-Nigeria Gas Pipeline with a capacity to transport about 2.2 billion cubic feet of gas per day.The project, when completed, is expected to ease natural gas transportation from Ajaokuta in Kogi State to Kano through several states.
This will significantly reduce the cost of transportation and engender sustainable national economic growth.
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Nigeria: How President Tinubu Is Attracting Multi-Billion Dollar Investments in Nigeria's Energy SpaceInterview - In this interview, Heineken Lokpobiri, Minister of State, Petroleum Resources (Oil), reveals how President Bola Ahmed Tinubu's signal to the global investing public is beginning to yield spectacular results with a flurry of foreign direct investments in billions of dollars that are merely awaiting formal announcement.
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