The World Bank says projects with foreign sponsors, especially from China, have played an important role in developing sizable infrastructure projects in Nigeria.

The World Bank said this in its report titled ‘Private participation in infrastructure 2020 annual report’.

It said sizable 2020 PPI investment commitments in Nigeria were mainly due to a big-ticket natural gas pipeline project.

The report said, “Nigeria has managed to report PPI investment commitments for five consecutive years since 2015. Sizable 2020 PPI investment commitments in Nigeria were mainly due to a big-ticket natural gas pipeline project.

“The $2.6bn pipelines will transport up to 3,500 million cubic feet of gas a day from various gas gathering projects in southern Nigeria.

“Projects with foreign sponsors, especially from China, have played an important role in developing sizable infrastructure projects in Nigeria.”

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World Bank said the Ajaokuta–Kaduna–Kano (AKK) pipeline, which is being developed by Nigerian National Petroleum Corporation (NNPC) to transport natural gas from southern Nigeria to central Nigeria, is among the four natural gas projects worth a total of $6.9 billion in investment commitments in 2020.

”The $2.8bn pipeline project represents phase one of the 1,300-kilometer Trans-Nigerian Gas Pipeline project, which is being developed as part of Nigeria’s Gas Master Plan to utilise the country’s surplus gas resources for power generation as well as for consumption by domestic customers,” it stated.

The report said it would be the largest natural gas storage facility in North America.

“The pipelines will provide a faster, more economical means of delivering natural gas to locations around the world,” it stated.