Fg to make decision on four oil projects buhari

It appears you're referring to President Muhammadu Buhari's decision on four oil projects in Nigeria. Here's a summary of the situation:

Background: In 2020, the Nigerian National Petroleum Corporation (NNPC) announced plans to invest in four oil projects, including the development of the Ajaokuta-Kaduna-Kano (AKK) gas pipeline, the Brass LNG project, the Escravos Gas-to-Liquids (EGTL) project, and the Bonga Southwest (BSW) oil field.

Decision: In October 2022, President Buhari approved the implementation of the four oil projects, which are expected to boost Nigeria's oil production capacity and generate revenue for the country.

Key details:

  1. AKK Gas Pipeline: The project involves the construction of a 614km gas pipeline from Ajaokuta in Kogi State to Kaduna and Kano States. The pipeline is expected to transport 2.2 billion standard cubic feet of gas per day, increasing Nigeria's gas supply and reducing reliance on imported gas.
  2. Brass LNG Project: The project aims to develop a liquefied natural gas (LNG) plant in Brass, Bayelsa State, with a capacity to produce 2.5 million tons of LNG per annum. The project is expected to generate significant revenue for the country.
  3. Escravos Gas-to-Liquids (EGTL) Project: The project involves the conversion of natural gas into liquid fuels, such as diesel and gasoline, at the Escravos terminal in Delta State. The project is expected to reduce Nigeria's dependence on imported petroleum products.
  4. Bonga Southwest (BSW) Oil Field: The project involves the development of the Bonga Southwest oil field, located in the Niger Delta region. The field is expected to produce an additional 50,000 barrels of oil per day, increasing Nigeria's oil production capacity.

Impact: The implementation of these projects is expected to have several benefits, including:

Overall, the approval of these projects is a significant step towards diversifying Nigeria's economy and reducing its dependence on oil exports.