The Federal Government is in talks with the International Finance Corporation to greatly help to fund a national gas-pipeline network for the way to obtain power stations and industries. Bloomberg on Thursday quoted the Minister of Petroleum, Mrs. Diezani Alison-Madueke, as saying the IFC was thinking about financing the 40-inch 683-kilometer (424-mile) Ajaokuta-Kaduna-Kano northern link, the principal network for the proposed trans-Saharan pipeline to Europe.
“We called for a mixed basket of debt and equity financing. Over the following half a year, when the front-end issues are sorted out, mobilisation and implementation of the financial support and the job, as well as project advisories and project support, will begin.”
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