Nigeria And Morocco Seal Deal On Gas Pipeline Project

Nigeria and Morocco on Saturday signed a bilateral agreement on the promotion of a regional gas pipeline project that will connect Nigeria and Morocco’s gas resources as well as those of other West African nations to foster regional economic integration.
Nigerian Minister of Foreign Affairs Geoffrey Onyema disclosed this in a communiqué presented to the visiting Moroccan King President Mohammed VI and President Muhammadu Buhari at the Aso Rock Presidential Villa in Abuja.
The minister stated that the gas pipeline project would accelerate energy and electrification projects across the affected member countries.
He said the pipeline project would be designed with the participation of all stakeholders to create a competitive regional electricity market with a potential to be connected to the European energy markets.
Meanwhile, Nigeria and the Kingdom of Morocco have signed a total of 21 bilateral agreements; seven on Friday and 14, yesterday.
The agreements were signed at the Aso Rock Presidential Villa in Abuja during the three-visit of the King of Morocco, Mohammed VI.
They included an agreement between OCP Group and Dangote Group to develop fertiliser business in Nigeria as well as agreements on strengthening the local blending capabilities and agriculture eco-system, visa exemption for diplomatic and official service passports.
Others were the Bilateral Air Service Agreement, marine fisheries cooperation; agriculture, energy, manufacturing, agro-business, fertilisers as well as stimulation of the local transformation of widely available natural resources.
“It is expected that multiple project opportunities will arise for industrial operators and financial capital by fostering deeper economic integration grounded on positive externalities, sustainable synergies and inclusive approaches
“This South-South open platform will accelerate the structural transformation of the national economies of the region, thereby putting the entire region on a higher growth path.
“The two heads of State agreed to set up a Bilateral Coordination Body to monitor this important project and commended such a strategic Cooperation in Africa,’’ the minister said.

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