//
you're reading...
Transformation Agenda

Nigeria mobilises $700 million for Trans-Sahara gas project

President Goodluck Jonathan, on Wednesday in Addis Ababa, announced that Nigeria has mobilised 700 million dollars to support the completion of Nigeria-Algeria gas pipeline project.

Mr Jonathan made this known in a report on the status of the Trans-Saharan gas pipeline project, presented at the 30th meeting of the NEPAD Heads of State and Government Orientation Committee.

Represented by the Acting Minister of Foreign Affairs, Viola Onwuliri, the president renewed the commitment of Nigeria to jump start the project, which has an estimated cost of 20 billion dollars.

He said the immediate focus for Nigeria was to connect major gas supply sources in the Niger Delta region through pipeline infrastructure that traverses the northern half of the country and delivers gas to the Nigeria/Niger border.

“We have raised $450 million in Eurobonds and an additional direct equity contribution of about $250m in support of this project,

Businessday

About TransformationWatch

TransformationWatch is an online news site founded by Henry Omoregie It is focused on keeping tabs on the Transformation Agenda set out by the Nigerian leadership in the Local, State and Federal Governments. My mission is to observe, analyze and report milestones or slowdowns in promised service delivery in all the facets of governance in Nigeria (2011 and beyond). Readership is open to all Nigerians and friends of Nigeria alike, regardless of Tribe, Religion or Political divide. We are all in this together

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

TransformationWatch on Twitter

%d bloggers like this: