"Since its announcement, the Nigeria-Morocco gas pipeline has attracted interest as one of Africa's most ambitious projects. This energy megaproject, which crosses 13 territorial waters, consists of a 7,000-kilometre gas pipeline, which promises to meet the energy needs of almost 400 million people in 11 African countries," says the media outlet.
''The importance of this project has been recognized internationally, prompting Nigeria's national oil company, NNPC, to launch a call for investors to participate in this initiative at an event in Abuja,” the portal adds, noting that since its presentation in 2016, the pipeline has ''received a significant boost in terms of funding.”
In December 2021, Morocco and Nigeria signed a financing agreement for the project, approved by the Islamic Development Bank, the same source recalls, adding that in 2022, the Organization of Petroleum Exporting Countries provided substantial funding for the project's feasibility study.
“The Nigeria-Morocco gas pipeline not only has the potential to supply gas to Europe, but also promises to boost Africa's socio-economic development. Many experts agree that this project will bring foreign investment, job creation and wealth to the countries through which the pipeline will pass'', says the Spanish news website.
“In short, the Nigeria-Morocco gas pipeline should stimulate development in Africa, offering investment opportunities and guaranteeing energy security and socio-economic growth in the region,” concludes the author of the article.