FG reduces Power Gas Price to $2.18 from $2.50

Date:

The Federal Government said on Thursday it had agreed to reduce the price of Industry Power Gas from 2.50 Dollars to 2.18 Dollars following extensive negotiation between the government and the organised labour.

The State Minister of Petroleum, Mr Temipre Sylva, who spoke during the 2021 Gas Sector Stakeholders Forum, said government has already agreed to sell Industry Power Gas at the approved price of 2.18 Dollars instead of the previous price of 2.50 Dollars.

He said the change in price is with immediate effect, to allow quick industrial desired revolution embarked upon by the government of President Muhammadu Buhari with a view to rejuvenate the Gas Sector.

The Minister assured that the Ajakuata- Kaduna-Kano Gas Projects (AKKP) will be completed before the end of 2023.

“Let me assure you that the AKKP project will be completed by 2023 as scheduled and the aim of rejuvenating the industrial base of the affected linkage states would fully be achieved”.

The Managing Director of the NNPC, Mr Mele Kyari said that the AKKP project will never be a white Elephant project like many of its kind.

He said, “This project will not be another White Elephant project, we will deliver it as at when due to revamp the Industrial growth of the States and we want to see affecting areas mobilizing full support of the projects”.

The NNPC Managing Director explained that the project was on for the last 30 years and it is now that the Government is fully determined to achieve it, and at the end of it, 10 Billions Gas would be delivered to potential markets.

According to him, the AKKP project woud rejuvenate over 232 Industries across the Corridor of the Pipelines and millions of employment opportunities would be fully provided by the project, adding that 130 kilowatts of power would be given out by the Gas projects.

In his remark, Governor Abdullahi Ganduje of Kano State, said the project would help the North to achieve not only Industrial growth but Security of the region and the nation in general.

He said in Kano, his Government has taken full control of the criminal black spots and his administration in collaboration with Security agencies are using Technology to tackle serious insecurities facing the State.

Ganduje noted that the main criminal black spots of Falgore and Danssoshiya forests have taken over by the government adding it is building Military outfits at Falgore while at Danssoshiya it is creating Grazing land for Fulani herders.

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