E-ISSN 2705-3954 | ISSN 0794-4756
 

Original Research 


Economic Analysis of the Gas Distribution Pipeline Network for Estates in Nigeria.

ADEREMI AYODEJI ADEGBOLA, IDRIS I OZIGIS, IBRAHIM D. MUHAMMAD.

Abstract
This work presents the economic analysis of the gas distribution pipeline network for the University of Abuja Staff Quarters. The problem statement was the need to encourage gas distribution to buildings and estates across Nigeria through gas pipeline network supply in an economical manner that encourages investment into this venture. The methodology includes subjecting three (3) options (Series, Parallel, and Grid) to economic analysis to determine the viability of the project. The results of the economic study indicated a profitable and investment-worthy project, with option 3 (Grid connection) being the most lucrative of the three (3) options. The net present value is N6,862,078.46; the internal rate of return is 15.57%. The payback period for the project was 4.29 years; the project will break-even after the distribution of up to 39,535.58 kg of LPG, and the profitability index is 1.30. It can be concluded that the optimized design could be adopted for the gas pipeline network of the University of Abuja staff quarters and other estates in Nigeria, with similar elevation and building layout.

Key words: Equivalent Annual Cost, Net Present Value, Internal Rate of Return, Break-even (sales), Payback Period, Contribution Margin, Profitability Index


 
ARTICLE TOOLS
Abstract
PDF Fulltext
How to cite this articleHow to cite this article
Citation Tools
Related Records
 Articles by ADEREMI AYODEJI ADEGBOLA
Articles by IDRIS I OZIGIS
Articles by IBRAHIM D. MUHAMMAD
on Google
on Google Scholar

How to Cite this Article
Pubmed Style

ADEGBOLA AA, OZIGIS II, MUHAMMAD ID, . Economic Analysis of the Gas Distribution Pipeline Network for Estates in Nigeria.. NJE. 2021; 28(1): 69-82.


Web Style

ADEGBOLA AA, OZIGIS II, MUHAMMAD ID, . Economic Analysis of the Gas Distribution Pipeline Network for Estates in Nigeria.. http://www.njeabu.com.ng/?mno=99578 [Access: April 28, 2021].


AMA (American Medical Association) Style

ADEGBOLA AA, OZIGIS II, MUHAMMAD ID, . Economic Analysis of the Gas Distribution Pipeline Network for Estates in Nigeria.. NJE. 2021; 28(1): 69-82.



Vancouver/ICMJE Style

ADEGBOLA AA, OZIGIS II, MUHAMMAD ID, . Economic Analysis of the Gas Distribution Pipeline Network for Estates in Nigeria.. NJE. (2021), [cited April 28, 2021]; 28(1): 69-82.



Harvard Style

ADEGBOLA, A. A., OZIGIS, I. I., MUHAMMAD, I. D. & (2021) Economic Analysis of the Gas Distribution Pipeline Network for Estates in Nigeria.. NJE, 28 (1), 69-82.



Turabian Style

ADEGBOLA, ADEREMI AYODEJI, IDRIS I OZIGIS, IBRAHIM D. MUHAMMAD, and . 2021. Economic Analysis of the Gas Distribution Pipeline Network for Estates in Nigeria.. Nigerian Journal of Engineering, 28 (1), 69-82.



Chicago Style

ADEGBOLA, ADEREMI AYODEJI, IDRIS I OZIGIS, IBRAHIM D. MUHAMMAD, and . "Economic Analysis of the Gas Distribution Pipeline Network for Estates in Nigeria.." Nigerian Journal of Engineering 28 (2021), 69-82.



MLA (The Modern Language Association) Style

ADEGBOLA, ADEREMI AYODEJI, IDRIS I OZIGIS, IBRAHIM D. MUHAMMAD, and . "Economic Analysis of the Gas Distribution Pipeline Network for Estates in Nigeria.." Nigerian Journal of Engineering 28.1 (2021), 69-82. Print.



APA (American Psychological Association) Style

ADEGBOLA, A. A., OZIGIS, I. I., MUHAMMAD, I. D. & (2021) Economic Analysis of the Gas Distribution Pipeline Network for Estates in Nigeria.. Nigerian Journal of Engineering, 28 (1), 69-82.