FEC approves N2.5bn for pipeline installation

A pipeline installation to transport dry gas through the North and South corridors to the West corridor has been approved by the Federal Executive Council at the cost of N2.5billion.

The 30-kilometre project, which is operated by Shell and Seplant, has a dollar component of $32million.

It is designed to transport dry gas through the corridors and has a completion period of 18 months.

The approval was one of several memos considered by the FEC in Abuja during a 10-hour meeting that dragged into the night on Wednesday.

The session, which was presided over by President Muhammadu Buhari, ended about 10 pm.

Findings indicated that the FEC members came under pressure to hold the long session in a bid to treat many outstanding memos as the May 29 handover drew nearer.

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said the aim of the contract to be executed by the Nigerian National Petroleum Corporation, was to ease the movement of gas across the country.

Kachikwu explained, “The significance of that is that the more we can gather gas to feedstock the pipelines that were built, the easier it will be to create that hop we are looking for to move gas around the corridors of Nigeria, north, south, east and west as the case may be.”

He added that the ministry got another memo approved for the procurement of fire trucks for the headquarters of the Nigerian Content Monitoring Board at the cost of N420million.‎

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