AKK Gas Pipeline: Nigeria secures fresh $2.21bn loan from China

AKK Gas Pipeline

AKK Gas Pipeline: Nigeria secures fresh $2.21bn loan from China   China has granted approval for a sum of $2.21 billion loan, representing 85 per cent of capital required to fund the $2.6 billion Ajaokuta-Kaduna-Kano gas pipeline project, the Nigerian government has announced. Zainab Ahmed, minister of finance, budget and national planning, and Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), have confirmed the financing arrangement with China during a recent inspection of the gas project in Ajaokuta, Kogi State. The duo government functionaries explained that the project…

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