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Two Opposing Views of the Controversial New $2.8 Billion Chinese-financed AKK Pipeline in Nigeria

Nigerian President Muhammadu Buhari launched production last week of a vast, new multibillion-dollar natural gas pipeline that will cross almost the entire country.

The 614-kilometer Ajaokuta-Kaduna-Kano (AKK) pipeline is one of Nigeria’s largest infrastructure projects to date and will be almost entirely financed by China. Together, the Bank of China and the state-owned insurance company Sinosure will cover 85% of the $2.8 billion budgetChinese contractors will also be involved in part of the construction.

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