The Federal Government of Nigeria plans to collaborate with the World Economic Forum on the African Atlantic Gas Pipeline project, aimed at connecting Nigeria to Morocco and other African countries to boost regional energy security and economic growth.
The announcement was made by the President’s Spokesperson, Stanley Nkwocha, on his official X (Twitter) page on Friday, following a bilateral meeting between Vice President Kashim Shettima and WEF President, Mr. Børge Brende.
The meeting took place in Davos, Switzerland, during the ongoing World Economic Forum annual conference.
Shettima further emphasized that the pipeline would transport natural gas from Nigeria to North Africa and Europe, aiming to enhance energy security and stimulate economic growth in the region.
“We seek your collaboration in fundamental areas. One is on the African Atlantic Gas Pipeline (AAGP) which will connect Nigeria to Morocco and other African countries. The pipeline will transport natural gas from Nigeria to North Africa and Europe and is expected to improve energy security and economic growth in the region.
“With the geopolitical challenges in Europe from Russian gas problems and the rising demand for energy because of artificial intelligence, data mining and storage, we will be in a vantage position to take advantage of this opportunity.
“A lot of littoral states in West Africa who have discovered gas are more than willing to plug into the system and feed their gas to other end users. We are also exploring the area of undersea passage of the pipelines for it to be a win-win for everyone. We want to use the WEF platform,” he stated.
The Vice President noted that several West African countries with gas reserves are keen to connect to the pipeline system, emphasizing plans to explore undersea routes for mutual benefits.
In addition to the pipeline project, Shettima highlighted the ongoing reforms under President Bola Ahmed Tinubu’s administration, emphasizing that these initiatives are paving the way for sustained economic growth in Nigeria.
He also expressed the country’s readiness to host the World Economic Forum Africa Summit.
Shettima underscored Nigeria’s importance as Africa’s largest economy, highlighting its demographic significance as one of the continent’s most populous nations, with a population of 250 million people.
