Rabat - Nigerian President Muhammadu Buhari, has urged the UK and the EU to invest in Africa’s biggest gas energy project, the Nigeria-Morocco gas pipeline.
Speaking during an interview session with American media Bloomberg News, Buhari said that the UK and EU should invest in the planned 4000 km pipeline.
The pipeline, which is set to import gas from Nigeria through Morocco to Europe, would solve the gas supply crisis that Europe is facing because of the Ukraine war, Buhari explained.
Highlighting the need for multilateral cooperation on green transition projects, the Nigerian president said that there is an urgent need for “long-term partnership not contradiction on green energy policy from the UK and European Union.”
President Buhari commented on the progress made in recent months in the construction of the Nigeria-Morocco Gas Pipeline, noting that the Nigerian Nigerian National Petroleum Company (NNPC) signed an agreement last week with the Economic Community of West Africa States (ECOWAS) to bring the project to life.
In the interview with Bloomberg, the Nigerian president shed light on some of the challenges facing the continental energy project.
According to the president, criminal and terrorist activities in Nigeria’s key oil-producing regions are hampering and deterring investments.
In a bid to address the issue, the president called on Western countries to embargo oil and gas from terrorist groups operating in Nigeria’s Delta region.
The 4000-kilometer-long pipeline is one of the most ambitious energy projects on the African continent.
Conceived in 2018, the project is currently in the feasibility study phase and has already attracted significant capital from the Oil and Petroleum Exporting Countries (OPEC) organization.
Aside from its potential to solve the current global gas supply issue, the project would significantly contribute to socio-economic development in the African continent.
While the project could have easily achieved its purpose of supplying gas to Europe through Morocco by only traversing three or four African countries, the pipeline is currently due to cross 11 African countries.
According to the Nigerian president, the regional pipeline is expected to create jobs, while addressing the energy shortage crisis on the continent and stimulating economic activities by providing a stable source of energy.