Home FEATURES Nigeria, Morocco United On Promoting Gas Project For Regional Integration

Nigeria, Morocco United On Promoting Gas Project For Regional Integration

MOU ON TRADE AGREEMENT 4A President Muhammadu Buhari Chats with King of Morocco, His Majesty Mohammed VI during the signing 17 trade agreements on investment, Air Transportation, agriculture and other cooperation at the Presidential Villa Abuja. PHOTO; SUNDAY AGHAEZE. DEC 3 2016.

Nigeria and the Kingdom of Morocco have agreed to promote a regional gas pipeline project that would connect Nigeria’s gas resources and that of several West African countries and Morocco.

The Minister of Foreign Affairs, Geoffrey Onyema, who read a communique, emanating from the three-day official visit of Moroccan leader, King President Mohammed VI to Nigeria, said that the gas pipeline project would foster regional economic integration and accelerate energy and electrification projects across the affected member countries.

He said that the pipeline project would be designed with the participation of all parties involved to create a competitive regional electricity market with the potential to be connected to the European energy markets.

He said that Nigeria and Morocco also agreed to develop integrated industrial clusters in the sub-region in sectors such as manufacturing, Agro-business and fertilizers to attract foreign capital and improve export competitiveness.

Onyema said that the two countries also agreed on stimulating the local transformation of widely available natural resources for both domestic and international.

“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.

See also:  Federal Government Supports Women’s Participation In Oil And Gas With $20 Million

“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 News Agency of Nigeria (NAN) reports that at the end of the 3-day official visit of King Mohammed VI to Nigeria, 21 Bilateral Agreements were signed between Nigeria and the Kingdom of Morocco. Seven of the agreements were signed yesterday, Friday, while the remaining 14 agreements were signed today, Saturday.

The agreements signed on Friday were between OCP and Dangote to develop fertilizer business in Nigeria; and Cooperation Agreement in Strengthening the local blending capabilities and Agriculture Eco-System.

The last one was Agreement on the Exemption of Visas for Diplomatic and Official Service Passport.

The rest include the Bilateral Air Service Agreement between Morocco and Nigeria; Agreement on Marine Fisheries Cooperation; Agreement in the field of Agriculture, and Agreement between Moroccan Agency for Sustainable Energy and its Nigerian counterpart.

President Muhammadu Buhari and the King of Morocco, Mohammed VI witnessed the signing of the 21 Bilateral Agreements, held at the Aso Rock Presidential Villa, Abuja. [myad]

Leave a Reply