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Nairametrics
Home Business News

Nigeria to partner Morocco on new gas pipeline, chemical plant

Fikayo Owoeye by Fikayo Owoeye
June 12, 2018
in Business News, Politics
Nigeria to partner Morocco on new gas pipeline, chemical plant
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An agreement to cut gas flaring and encourage diversification of energy resources while cutting down poverty through the creation of more job opportunities has been signed between the government of Nigeria and Morocco.

The agreement was signed at Rabat Royal Palace in Morocco, as part of activities marking President Muhammadu Buhari’s two-day visit to the country.

The Regional Gas Pipeline feasibility study which is expected to be concluded by July 2018, was signed by the Group General Manager of the Nigeria National Petroleum Corporation (NNPC), Mr. Farouq Said Garba, and Mrs. Amina Benkhadra, Director General of the National Office of Hydrocarbon and Mines.

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A statement issued on Monday by a spokesman to the President, Mr. Garba Shehu, disclosed that the three agreements signed by Nigeria and Morocco included:

  • A regional gas pipeline that will see Nigeria providing gas to countries in West Africa sub-region that extend to Morocco and Europe.
  • The establishment of a chemical plant in Nigeria for producing ammonia and its derivatives.
  • The training of young citizens in the agricultural sector.

The Nigeria Morocco Gas Pipeline (NMGP), designed to be 5,660km long, will encourage utilisation of gas in the sub-region for cooking, and discourage desertification, Mr. Shehu said.

The Nigeria Morocco Gas Pipeline (NMGP), designed to be 5,660km long, will reduce gas flaring in Nigeria and encourage diversification of energy resources in the country, while cutting down poverty through the creation of more job opportunities.#PMBinMorocco pic.twitter.com/AFlMo7GqeV

— Presidency Nigeria (@NGRPresident) June 11, 2018

At the ceremony, the Chief Executive Officer and Managing Director of Nigeria Sovereign Wealth Authority (NSIA), Mr Uche Orji, and the Chief Executive Officer of the Office of the Management of Phosphate in Morocco, Mr Mostafa Terrab, signed a Memorandum of Understanding for the development of a chemical plant in Nigeria for producing ammonia and its derivatives.

The MD/CEO @nsia_nigeria, Mr Uche Orji and the CEO of the Office of the Management of Phosphate in Morocco, Mr Mostafa Terrab signed a Memorandom of Understanding (MOU) for the development of a chemical plant in Nigeria for producing ammonia and its derivatives.#PMBinMorocco pic.twitter.com/bROiNn14Ki

— Presidency Nigeria (@NGRPresident) June 11, 2018


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Tags: Nigeria Morocco Gas Pipeline (NMGP)Nigeria Sovereign Wealth Authority (NSIA)
Fikayo Owoeye

Fikayo Owoeye

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com

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