The Nigeria-Morocco Gas Pipeline project saw the signing of five tripartite Memoranda of Understanding (MoU) on Monday in Rabat.

Morocco, Nigeria, Gambia, Guinea Bissau, Guinea, Sierra Leone, and Ghana all signed these Memoranda of Understanding in turn and in succession.

The National Nigerian Petroleum Company Limited (NNPC) and the Moroccan National Office of Hydrocarbons and Mines (ONHYM) signed the first Memorandum of Understanding with the Gambia National Petroleum Corporation (GNPC-Gambia).

The National Nigerian Petroleum Company Limited “NNPC” and ONHYM signed the second memorandum with PETROGUIN-Guinea Bissau, while the National Nigerian Petroleum Company Limited “NNPC” and Société Nationale des Petroleos “SONAP” of the Republic of Guinea signed the third agreement.

With the Petroleum Directorate of Sierra Leone (“PDSL”), ONHYM and the National Nigerian Petroleum Company Limited (“NNPC”) signed the fourth Memorandum. With the Ghana National Gas Company (“GNGC”), ONHYM and the National Nigerian Petroleum Company (“NNPC”) signed the fifth Memorandum.

According to a joint statement from the signing parties, these MoUs, along with those signed with ECOWAS on September 15, 2022, and those with Mauritania and Senegal on October 15, 2022, confirm the parties’ dedication to this strategic project, which, once finished, will supply gas to all West African countries and will also open a new export route to Europe.

The same source continued, pointing out that the project will also enable Africa to take on a new economic, political, and strategic dimension. This infrastructure will improve the living conditions of the population, the integration of the sub-economies, region’s and the mitigation of desertification through a sustainable and reliable gas supply that respects the continent’s commitments to environmental protection.

From Nigeria, the pipeline will travel via Benin, Togo, Ghana, Ivory Coast, Liberia, Sierra Leone, Guinea, Guinea Bissau, The Gambia, Senegal, and Mauritania before ending in Morocco. It will be linked to both the European gas network and the Maghreb-Europe gas pipeline. The infrastructure will also feed Niger, Burkina Faso, and Mali, three landlocked nations.

The post Nigeria-Morocco Pipeline Project: Five MoUs are Signed appeared first on Morocco Telegraph.

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.

The post Morocco Makes its Largest Foreign Investments in Nigeria appeared first on Morocco Telegraph.