RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home News

Gas: FEC approves N2.5bn for pipeline installation

Rate Captain by Rate Captain
May 10, 2019
in News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

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 N2.5bn.

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

AlsoRead

How I Lost N200 Billion”: Femi Otedola Reflects on His Biggest Financial Setback

EFCC Arraigns Precious Williams for Alleged N13.8 Billion Ponzi Scheme Fraud

Kenya to Relocate Health Data from U.S. Servers After Trump’s USAID Funding Cuts

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 pipeline 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 this is that the more we can gather gas to feed-stock 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  N420m.

The council also looked into the problem of open defecation in the country and the Federal Government’s bid to end it by 2025.

Buhari, as part of the government’s plan, is to launch the “Clean Nigeria, Use The Toilet” campaign to end open defecation by about 47million people in the majority of the country’s 774 local government areas.

The Minister of Water Resources, Mr Suliaman Adamu, while speaking on the issue, said the campaign would be a follow-up to the National Action Plan for Revitalising the Water Supply, Sanitation and Hygiene, which Buhari had launched in 2018.

As of today, only 10 of the 774 LGAs are free of open defecation, a number the minister described as “dismal.”

Tags: The Punch
Previous Post

NSITF: over N2b claims paid since inception

Next Post

Nigeria central bank head nominated for second term

Related News

Otedola acquires 5.52% of Transcorp Plc.

How I Lost N200 Billion”: Femi Otedola Reflects on His Biggest Financial Setback

by Rate Captain
August 22, 2025
0

In a rare moment of vulnerability, billionaire businessman Femi Otedola has shared the story of how he lost nearly N200...

EFCC Launches Task Force to Combat Naira Mutilation and Dollarization

EFCC Arraigns Precious Williams for Alleged N13.8 Billion Ponzi Scheme Fraud

by Victoria Attah
June 17, 2025
0

The Economic and Financial Crimes Commission (EFCC) has charged Precious Williams, a director of Glossolalia Nigeria Ltd and Pelegend Nigeria...

Kenya to Relocate Health Data from U.S. Servers After Trump’s USAID Funding Cuts

by Victoria Attah
June 4, 2025
0

Kenya’s Ministry of Health announced plans to relocate critical health data hosted in the United States to local servers, following...

Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

Nigeria’s Equities Market Reels as Foreign Investment Plummets Amid Global Tensions

by Rate Captain
May 26, 2025
0

In April 2025, Nigeria’s equities market faced a stark reality check as foreign portfolio investment (FPI) cratered by 92.39%, plunging...

Next Post

Nigeria central bank head nominated for second term

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

$26 Billion for unidentified source passed through Binance-Cardoso

CBN Auctions N1.15 Trillion in Treasury Bills as Investors Eye Higher Yields

January 22, 2026
CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

Five MPC Members Pushed for 50bps Rate Cut in November 2025, CBN Minutes Reveal

January 22, 2026

Popular Story

  • NEC Affirms CBN $3 Billion Loan for Naira Stability

    CBN Survey Shows Improved Credit Access in Q4 2025 Amid Rising Loan Defaults

    0 shares
    Share 0 Tweet 0
  • Debt Servicing and Salaries Dominate Nigeria’s 2025 Budget with N24.8 Trillion Allocation

    0 shares
    Share 0 Tweet 0
  • CBN Confirms 20 Banks Meet New Recapitalisation Requirements as March Deadline Looms

    0 shares
    Share 0 Tweet 0
  • Commercial and Merchant Banks’ Loans Fall to N52.66 Trillion in June 2025, Lowest in 14 Months

    0 shares
    Share 0 Tweet 0
  • NCC Launches Full-Scale Review of Telecom Sector Amid Rising Tariffs 

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>