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Nigeria to Finance Major Pipeline After Chinese Funding Falls Through

by Eric Olander

The Nigerian government will pick up the tab to build the last portion of the 614-kilometer AKK natural gas pipeline that China had originally agreed to finance.

In 2017, the Bank of China negotiated a deal to fund the $2.5 billion project but those agreements were never finalized. But the Nigerian government decided to proceed anyway hoping that the Chinese money would eventually come through.

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