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Nigeria: NNPC Seeks $1bn Alternative Funding for AKK Pipeline, Awaits Chinese Lending

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[This Day] Abuja -- The Nigerian National Petroleum Corporation (NNPC) through the federal government is seeking $1 billion to continue work on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline, a key project costing about $2.8 billion, after Chinese lenders, which had pledged to offer most of the funds, failed to disburse cash as quickly as expected, three sources privy to the matter told Reuters.

Source: allAfrica.com

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