Morocco Makes its Largest Foreign Investments in Nigeria
Moha Ou Ali Tagma, Morocco’s ambassador to Nigeria, has stressed the value of Moroccan-Nigerian collaboration and the two nations’ desire to collaborate in many industries.
Ali Tagma emphasized Nigeria’s role as a “strategic partner for Morocco” in an interview with the Nigerian news site Daily Trust.
Morocco makes its greatest foreign investments in Nigeria, he claimed.
Additionally, he mentioned King Mohammed VI’s 2016 trip to Nigeria, highlighting how the Moroccan king and President Muhammadu Buhari mapped out the “course of what should be the relationship” between the two nations.
The relationship between the two nations, according to the ambassador, “goes back centuries to the time when royalty from Borno, Sokoto, and Kano had very deep relations with Morocco, particularly the cities of Marrakech and Fes.” The two nations are also very close geographically, historically, and culturally.
Nigeria’s exports to Morocco totaled $14.42 million in 2021, according to Trading Economics, a business and trade-focused website.
The same website reports that Morocco exported goods worth $130.91 million to Nigeria in the same period.
The Nigeria-Morocco gas pipeline was officially opened during King Mohammed VI’s state visit to Abuja.
The pipeline project was started in 2016 by King Mohammed VI and President Muhammadu Buhari of Nigeria with the intention of fostering regional integration in West Africa and enhancing the continent’s energy security.
The Moroccan ambassador spoke on the pipeline project and stressed its significance, citing King Mohammed VI’s recent speech on November 6 to mark the Green March Anniversary.
The envoy said that King Mohammed VI recently stated that the Nigeria-Morocco gas pipeline project “works in favor of peace, economic integration of the African continent, and its common growth” and is meant for both current and future generations.
The king wants the pipeline to help all of West Africa, “a area that is home to more than 440 million people,” and refers to the project as one for both present and future generations.
According to King Mohammed VI, “This is a project for peace, for African economic integration, and for co-development: a project for the present and for future generations.”
A total of 5,600 kilometers of the pipeline—1,672 of them in Morocco—will cross multiple nations along the Atlantic coast. A budget of $25 billion is expected to be invested in the project by investors.