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Electricity hope for Nigeria as Ajaokuta-Kaduna-Kano 614km gas pipeline project to start operations in 2023

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The head of Nigeria’s oil corporation, Nigerian National Petroleum Corporation (NNPC), Mele Kyari has revealed that Nigeria’s 614 km (384 miles) gas pipeline that is under construction will start operating during the first quarter of next year, which would help boost electricity supply.

The NNPC boss made the revelation on Thursday while speaking at a site the pipeline passes through in Abuja.

Kyari also said the construction was one of the major projects pursued by the government of President Muhammadu Buhari, who has pushed for infrastructure development since coming into power in 2015.

Developed by NNPC, the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project entails the construction of a 614km-long natural gas pipeline from the Ajaokuta terminal gas station (TGS) in the Kogi state in the southern region of Nigeria, through the Federal Capital Territory (FCT), Niger, and Kaduna, to terminate at a gas station in Kano.

“We will put gas on this line before the President leaves … by the first quarter of 2023 we will put gas on this line. Power will be stabilized, industries will come up as a result of this project,” Kyari told reporters.

The project is estimated at US$ 2.8bn, and is being implemented in three phases, under a build and transfer (BT) public-private partnership (PPP) model, which involves the contractor providing 100% of the financing.

Nigeria is Africa’s top exporter of crude oil and holds some of the world’s largest known reserves of gas, but has struggled to attract investment into the sector.

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Nigerien President, Mohamed Bazoum wants employment quotas for African immigrants

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Niger’s President Mohamed Bazoum wants employment quotas for African immigrants tailored to job needs from European countries.

President Bazoum made the position in an interview with an Italian newspaper, La Repubblica. on Friday.

The president’s argument is that the quota will address European countries’ needs for its labour market and could help resolve the problem of illegal migration and human trafficking.

“In France, Spain, and Italy you have many jobs in sectors of employment where Africans can work,” Bazoum said.

“These numbers need to be established, country by country, and then the consulates entrusted with the responsibility of enforcing them.”

Surveys of African migrants in or heading toward Europe reveal that the majority were either employed or in school at the time of their departure. Yet, they felt despair over their economic prospects.

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IMF Chief, Ceyla Pazarbasioglu, to visit China over Africa’s growing debt profile

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As the debt profile of many African countries continues to rise, the International Monetary Fund strategy chief, Ceyla Pazarbasioglu will travel to China next week for another high-level meeting.

Her travel is part of efforts to press the world’s largest sovereign creditor for quicker progress on debt restructurings for countries in need.

The IMF chief had called for debt restructuring arrangements for Zambia and Chad to be completed shortly.

Pazarbasioglu said it was critical to move forward and that “outreach to China next week is very important, at the highest levels.”

“It’s moving – very slowly, but it’s moving,” Pazarbasioglu said, noting that the participation of mining company Glencore Plc in the Chad treatment was also “a very good sign” that “even the most difficult private sector participants” were participating.

She said the Paris Club of official bilateral creditors had taken years to hammer out their debt relief processes, and China was learning, although she noted that the debt issues facing borrowing countries now were acute.

“The problem we have is that we don’t have that time right now because these countries are very fragile and dealing with debt vulnerabilities,” she said. “What we need is speed.”

Pazarbasioglu said the IMF would continue to press for changes to the Common Framework, including a freeze in debt payments when countries apply for a debt treatment, as well as clearer procedures and timelines for action, and ensuring comparable treatment for private creditors.

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