“The corporation has gone far in negotiating the terms of funding as well as the best payback structure for the project. The financial partners were willing to collaborate with the corporation on the matter,” Dr Maikanti Baru, Group Managing Director of the corporation said in an emailed statement.
It will be recalled that Nigeria recently secured funding for the project during President Muhammadu Buhari’s last visit to Beijing, China.
The statement, signed by the corporation’s spokesperson, Ndu Ughamadu, explained that Baru gave the update on the gas pipeline project at the 30th edition of Gas Technology Conference in Barcelona, Spain.
“We are here at Gastech to assure the world that this time around, we mean business,” he said.