FG seeks partnership with World {Economic} Discussion board on African Atlantic Fuel Pipeline undertaking
The Federal Authorities of Nigeria plans to companion with the World {Economic} Discussion board (WEF) on the African Atlantic Fuel Pipeline (AAGP) undertaking to attach Nigeria to Morocco and different African nations, enhancing regional vitality safety and {economic} progress.
The announcement was made by the President’s Spokesperson, Stanley Nkwocha on his official X (Twitter) web page on Friday, following a bilateral assembly between Vice President Kashim Shettima and the President of the World {Economic} Discussion board (WEF), Mr Børge Brende.
The assembly happened in Davos Switzerland in the course of the ongoing WEF annual convention.
The Vice President additional highlighted that the pipeline would transport pure gasoline from Nigeria to North Africa and Europe which is predicted to enhance vitality safety and {economic} progress within the area
“We search your collaboration in basic areas. One is on the African Atlantic Fuel Pipeline (AAGP) which can join Nigeria to Morocco and different African nations. The pipeline will transport pure gasoline from Nigeria to North Africa and Europe and is predicted to enhance vitality safety and {economic} progress within the area.
“With the geopolitical challenges in Europe from Russian gasoline issues and the rising demand for vitality due to synthetic intelligence, information mining and storage, we will probably be in a vantage place to make the most of this chance.
“Numerous littoral states in West Africa who’ve found gasoline are greater than prepared to plug into the system and feed their gasoline to different finish customers. We’re additionally exploring the world of undersea passage of the pipelines for it to be a win-win for everybody. We need to use the WEF platform,” he acknowledged.
Shettima famous that a number of West African states with gasoline reserves are keen to connect with the pipeline system, highlighting plans to discover undersea routes for shared advantages.
Extra insights
- Past the pipeline undertaking, the Vice President, Kashim Shettima highlighted the continuing reforms below the current administration, President Bola Ahmed Tinubu emphasizing these initiatives as one set Nigeria on a path of sustained {economic} progress.
- He additionally expressed Nigeria’s readiness to host the World {Economic} Discussion board (WEF) Africa summit.
- Shettima identified Nigeria’s significance as Africa’s largest financial system whereas emphasizing on its demographic prominence and its place as probably the most populous nations in Africa with 250 million individuals.
- The Vice President acknowledged that by 2050, Nigeria will surpass the US because the third most populous nation globally, and by the top of the century, it’s going to grow to be essentially the most populous nation on the earth.
