Russia has expressed interest in investing in the Nigeria-Morocco gas pipeline project that has been on the cards since 2016.
Nigeria and Morocco first signed the agreement on the project in December 2016. Besides linking the two countries, the 5,660 km (3,517 miles) pipeline is also expected to connect some other African countries to Europe.
The Russians were with me in the office last week. They are very desirous to invest in this project and there are lots of other people who are also desirous to invest in the project.– Timipre Sylva Minister of State for Petroleum Resources said in Abuja.
“This is a pipeline that is going to take our gas all through a lot of countries in Africa and also, all the way to the edge of the African continent where we can have access to the European market as well.”
Sylva said President Muhammadu Buhari’s government hoped to at least kickstart the project before leaving office in May 2023, but did not say how much it will cost.
Nigeria is rich in hydrocarbons but produces little electricity, making its industries uncompetitive.
Since inception in 2010, the Nigerian National Legacy Prize for Business Excellence on the platform of the Nigerian National Legacy Awards aims to recognise businesses and individuals who have demonstrated result oriented excellence in diverse fields across Nigeria and beyond.
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