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China Approves Loan For $2.6 Billion AKK Gas Pipeline - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / China Approves Loan For $2.6 Billion AKK Gas Pipeline (20814 Views)

Kanu Blows Hot As FG Plans To Flag Off $2.8 Billion AKK Gas Pipelines / Airforce Jet Lands Ganduje In Abuja, To Join Buhari For AKK Gas Project Flag Off / More Pipelines Arrive Kaduna Ahead Of The $2.8bn AKK Gas Project Ground Breaking (2) (3) (4)

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Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by WowSweetGuy(m): 7:46am On Dec 16, 2020
中国给了尼日利亚好多钱

My hand no dey
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by yusluvad(m): 7:46am On Dec 16, 2020
OruExpress:


i think the country is in autopilot and politicians are using the national account to steal loan money
God bless you. Buhari is long dead, everything happening is being acted. Buhari didn't go to Katsina last week it was Jubril Al Sudan that travel to his country. Why can't Buhari visit Kankara if only he was real and available in his home-town

Think about this NIGERIAS...
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by Okuda(m): 7:46am On Dec 16, 2020
cashout season.
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by persius555(m): 7:47am On Dec 16, 2020
idealogical:


The gas they are piping through the pipeline is for sale and profit, to improve commercial and industrial activities and production and to create jobs and generate investments, not for show or to blow the gas through the air or to dash dash.


It will make more sense if the loan is channeled towards completing the North to East rail section. That way, LNG can be conveyed by rail to and from the Niger delta to the north. Don't forget the same rail will serve dual purpose as goods can also be transported to and fro.

The problem with this government is not availability of funds but the wastage of available funds. We are digging Nigeria's economic grave with all these Chinese loans flying all around. The Chinese only want to create economic annex in Nigeria. We should be smart with loans.

2 Likes

Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by idealogical: 7:48am On Dec 16, 2020
kayjay69:
This country is finished.

There are thermal power stations all located in the South of Nigeria that require Gas to produce electricity.

Rather than invest this kind of money in building a gas infrastructure for present and future thermal power plants, the federal government led by the Fulani elite prefers to spend money on an unnecessary project similar to the kaduna refinery.

I say again, this country is finished.


Is this not the same gas infrastructure that you need to send gas to thermal power plants? Abi how do you get gas to power plants if not by pipelines?

It's not by force to criticize or upside down.
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by Nobody: 7:49am On Dec 16, 2020
coolcharm:
Lol...the headline though

It's like the administrative block of Nigeria has shifted from Abuja to Beijing.

Wetin China go carry our eye see for this country in the next few decades ehn?

They know we will struggle to repay these loans. They know.
chinese republic of Nigeria

1 Like

Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by TopGunFighter: 7:51am On Dec 16, 2020
NafeesaAA:



I almost called u a big foolish fool with ur comment but I wouldn't want to judge ur stupidity and foolishness without actually knowing if ur really a fool in person or just on Nairaland
vote this guy to go and rescue our guys In Uganda
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by idealogical: 7:52am On Dec 16, 2020
persius555:


It will make more sense if the loan is channeled towards completing the North to East rail section. That way, LNG can be conveyed by rail to and from the niger delta to the north. Dont forget the same rail will serve dual purpose as goods can also be transported to and fro.

The problem with this government is not availability of funds but the wastage of available funds.


Surface transportation of highly inflammable gas in Nigeria is like begging for serious disaster. No, we are not safety conscious and ready for that,underground pipeline is our best option.

2 Likes 1 Share

Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by Perfectbeing(m): 7:54am On Dec 16, 2020
How long will this project take to be completed?
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by Moikiitos: 7:54am On Dec 16, 2020
Wise man and a true Nigerian; well done...!!! Did they tell you that, they are looking for buyers for their resources? Or did they themselves agreed to sell it to the North?

michoim:

Foolish thoughts. Will the south alone consume its gas, won't they look for market for profitable product utilisation? Ethinicity will dwarf the minds of some people.
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by SavageMaster: 7:56am On Dec 16, 2020
GIANTPLUSHUB:
Not a bad loan. The pipeline is a revenue generating one.

Why can't previously generated "revenue" pay for this project, instead of borrowing afresh?

3 Likes

Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by Veqtor: 7:58am On Dec 16, 2020
Hehehe..

$1.5 billion from world bank..$2.6billion from China...yet we don't have steady power supply, we are d poverty capital of the world, graduates r still going to school for nothing... It's a pity.

Every1 should jus brace up for d incoming implosion...because, ds Fulani parasites have sold d country..

Nigeria is jus a monopoly board game right now for d Fulani, d Chinese, d British and every oda country benefitting from it

3 Likes

Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by persius555(m): 7:59am On Dec 16, 2020
idealogical:



Surface transportation of highly inflammable gas in Nigeria is like begging for serious disaster. No, we are not safety conscious and ready for that,underground pipeline is our best option.


LNG transportation is a global thing. On the scale of exposure to disaster, it is below 3%. The US have been shipping LNG via LNG vessels over the high sea to Europe for years. This accounts for 12.5% LNG supply to Europe. The commercial viability of this project at a time when the economy is already depressed should be our concern.

We should develop a saving and managing culture in the face of economic depression, not reckless borrowing and spending. There is absolutely no justification for this project.
We didn't embark on such when we were richer, why now that there is paucity of fund.

3 Likes

Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by ddeola: 8:00am On Dec 16, 2020
BAD GOVERNMENT, BAD LEADERS. Naija is in a fix. undecided undecided undecided undecided undecided
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by winterfell007(m): 8:00am On Dec 16, 2020
R
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by Nobody: 8:02am On Dec 16, 2020
GIANTPLUSHUB:
Not a bad loan. The pipeline is a revenue generating one.
grin grin
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by low2high: 8:03am On Dec 16, 2020
Elder Peter Godsday Orubebe, ex-president Jonathan and other Niger delta leaders past and present should be seeing how the north is spending their region's money.

You were in power for close to 6 years you could not complete the east west road that leads to your own home.

Shame to these Ijaw men ( Jonathan and Orubebe )

Buhari is taking loans to complete a strategic projects that will give the north a competitive edge using Niger delta crude oil.

It is high time SOUTHERN LEADERS become more useful to their own people.

JONATHAN WAS NOT USEFUL TO NIGER DELTA STRATEGIC INTEREST.\

He was just interested in PEACE, PEACE PEACE which did not help the course of the Niger delta region.

JONATHAN traded off THE PRESIDENCY TO THE NORTH and left Niger delta comatose.

4 Likes

Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by obailala(m): 8:03am On Dec 16, 2020
kayjay69:
This country is finished.

There are thermal power stations all located in the South of Nigeria that require Gas to produce electricity.

Rather than invest this kind of money in building a gas infrastructure for present and future thermal power plants, the federal government led by the Fulani elite prefers to spend money on an unnecessary project similar to the kaduna refinery.

I say again, this country is finished.
You want "Gas Infrastructure" but you think a major "Gas Pipeline" of this nature is useless?
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by obailala(m): 8:06am On Dec 16, 2020
persius555:


LNG transportation is a global thing. On the scale of exposure to disaster, it is below 3%. The US have been shipping LNG via LNG vessels over the high sea to Europe for years. This accounts for 12.5% LNG supply to Europe. The commercial viability of this project at a time when the economy is already depressed should be our concern.
This project, if completed to Algeria, easily passes as the most economically viable project Nigeria has ever executed with any loan.

I just shake my head at the level of misinformation and outright ignorance oozing off this thread. A lot of people on this thread have zero clue in what the project is about; all they needed was to just hear the word 'North', and boom!!! Mass hysteria...
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by Sammy07: 8:06am On Dec 16, 2020
Zetty177x:


So from ur picture evidence,the gas is coming from Lagos?

Check well.
It's coming from Calabar through Enugu.
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by CSTRR: 8:08am On Dec 16, 2020
yemmie:
The pipeline is going to Morocco.. the deal signed between Nigeria and Morroco should be scrutinized.

China built a pipeline for Sudan and they paid back with
crude oil ...

I don’t understand if it’s lack of exposure that’s is disturbing the current crop of leaders.

There should be future master plan for development of Nigeria. The future Nigeria as it is now is mortgaged for 50 years with all these loan.

Tizeti CEO was my colleague in one of the IOC, full employee resigned and started Tizeti.. there are a lot of bright minds in Nigeria but the Government is not supporting their growth.

To change Nigeria.. the youths must be ready to put all
hands on deck... look around the world . young leaders are emerging.
Are you seriously expecting buhari to plan Nigeria's future?

Seriously?
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by CSTRR: 8:10am On Dec 16, 2020
persius555:


It will make more sense if the loan is channeled towards completing the North to East rail section. That way, LNG can be conveyed by rail to and from the Niger delta to the north. Don't forget the same rail will serve dual purpose as goods can also be transported to and fro.

The problem with this government is not availability of funds but the wastage of available funds. We are digging Nigeria's economic grave with all these Chinese loans flying all around. The Chinese only want to create economic annex in Nigeria. We should be smart with loans.
True.

The money for the gas pipelines would be enough to build the port Harcourt to Maiduguri rail.

1 Like

Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by idealogical: 8:11am On Dec 16, 2020
persius555:


LNG transportation is a global thing. On the scale of exposure to disaster, it is below 3%. The US have been shipping LNG via LNG vessels over the high sea to Europe for years. This accounts for 12.5% LNG supply to Europe. The commercial viability of this project at a time when the economy is already depressed should be our concern.

Again, we don't have enough safety profile like the US to do surface gas transportation like rail transportation of flammable gas.

We currently transport gas overseas via ships, but we don't need ships to transport gas within Nigeria or to North African destinations.

The commercial viability is very strong and the fact that the economy us depressed doesn't mean we should not progress and develop.

No need to be negative any any means necessary.
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by MotiveU(f): 8:12am On Dec 16, 2020
NafeesaAA:



I almost called u a big foolish fool with ur comment but I wouldn't want to judge ur stupidity and foolishness without actually knowing if ur really a fool in person or just on Nairaland
Shut up...
If you have nothing to add
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by obailala(m): 8:12am On Dec 16, 2020
persius555:


It will make more sense if the loan is channeled towards completing the North to East rail section. That way, LNG can be conveyed by rail to and from the Niger delta to the north. Don't forget the same rail will serve dual purpose as goods can also be transported to and fro.

The problem with this government is not availability of funds but the wastage of available funds. We are digging Nigeria's economic grave with all these Chinese loans flying all around. The Chinese only want to create economic annex in Nigeria. We should be smart with loans.
You're suggesting that gas should be transported via rail instead of pipelines, and at the same time, you think it is the government that is clueless.
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by CSTRR: 8:13am On Dec 16, 2020
I expect Emeka Okuosa to become an almost dollar billionaire after this project.

Oilserv would be handling the pipelines logistics with some level of job creation

That is probably the only positive I see.

2 Likes

Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by idealogical: 8:16am On Dec 16, 2020
CSTRR:

True.

The money for the gas pipelines would be enough to build the port Harcourt to Maiduguri rail.


Contract port Harcourt to Maiduguri was awarded 2 months ago.
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by CSTRR: 8:16am On Dec 16, 2020
obailala:
You're suggesting that gas should be transported via rail instead of pipelines, and at the same time, you think it is the government that is clueless.
There is nothing wrong with his proposal.

It would kill two birds with a Stone and a more prudent use of resources.

2 Likes

Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by Nobody: 8:16am On Dec 16, 2020
osusuallstars:
Where will the gas come from ?
Of course Niger delta.
Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by CSTRR: 8:20am On Dec 16, 2020
idealogical:



Contract port Harcourt to Maiduguri was awarded 2 months ago.
The last time I heard it was suspended or something like that.
There is certainly no hurry to do it.

Anyway, my point still stands.

If we had a govt with a semblance of intelligence, all hydrocarbon transfer to the north should have been planned through the Port Harcourt-maiduguri rail platform.

It's common sense.

3 Likes

Re: China Approves Loan For $2.6 Billion AKK Gas Pipeline by eteebanky: 8:20am On Dec 16, 2020
China na Good country oo
politics self sweet, I must to taste politics Money

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