OB3 gas pipeline to attract $2bn into Nigeria’s economy — Dangote

Onwubuke Melvin
Onwubuke Melvin

The Chief Executives Officer of Dangote group, Aliko Dangote has said the completion of the OB3 gas pipeline will result in a $2 billion inflow into Nigeria’s oil and gas sector.

This was disclosed by Dangote during the inauguration of the Presidential Economic Coordination Council (PECC) at the State House in Abuja on Thursday, according to Nairametrics.

According to Dangote, the formation of the council is a welcome development toward embracing private sector participation in government decision-making.

He also stated that the administration has begun the implementation process, especially in the gas industry.

Dangote said that the completion of the OB3 gas pipeline will generate $2 billion for the economy.

“We are going to sit down and advise the government on the kinds of policies that government will roll out. Most of these things, we have them. They are already being discussed over and over again. It’s just a matter of implementation.

“I think the choice of people that we have at this presidential economic council are good enough to be able to advise government on how to implement.

“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.

The OB3 pipeline project connects the Ajaokuta-Kaduna-Kano (AKK) gas pipeline, which is a critical component of Nigeria’s gas infrastructure.

Former President Muhammad Buhari started the pipeline in 2020, and it is anticipated to cost $2.8 billion.

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

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