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I came across a publication in The Guardian claiming there were fraud allegations in the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project. First of all, I would like to remind The Guardian that the AKK pipeline project has a total cost of $2.5 billion; it was reviewed down from the $2.8 billion initially approved by the Federal
Unfortunately, China couldn’t get the funding as expected even though all the requirements from NNPC Limited, the owners of the project, and from the federal government, including the sovereign guarantee, which the president signed and made available, were met.
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If you adviced the president tonight on what to do, what would you say? >> well, that's nothing in my opinion that's nothing more than a big money con job. the only one that will come out on top of that is transcanada. and their investors including the koch brothers. there's no jobs per se. it's an export pipeline. that oil is going overseas. their arguments about big job creation and energy security is bogus. they're going to make billions of dollars over the course of the lifeline of that pipeline and i just don't buy it. >> so, i take that as a direct no. you do not support the keystone xl ...
Infrastructure to bring nearly 800,000 barrels a day of canadian oil to the u.s. which economy is predicated for now and decades into the future on resilient oil resources to make sure we can do what we need to do as a nation. >> so that's long term. joshua, what's the argument? what are you seeing in the short term in order to get to that long-term picture? >> well, john talked about this pipeline as a pipeline to the united states. we see more as a pipeline through the united states. this is an export pipeline. this isn't about united states energy prices and this isn't about energy security...