ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline (5269 Views)
| ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by Pakute(op): 7:28pm On Jul 20 |
The proposed African Atlantic Gas Pipeline has moved closer to implementation after Heads of State of the Economic Community of West African States signed the Intergovernmental Agreement for the project at the ECOWAS Summit in Freetown, Sierra Leone, at the weekend.https://punchng.com/west-african-leaders-sign-pact-for-25bn-nigeria-morocco-gas-pipeline/
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| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by Richtaiwo(m): 7:36pm On Jul 20 |
What this report will cause in some quarters.
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| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by funshint(m): 7:39pm On Jul 20 |
Europe's electricity need is largely fed by gas while we find it difficult to provide stable electricity for oursleves for domestic and industrial use despite our huge gas reserve. I don't even know what to call this; low self-esteem or just pure wickedness! |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by Darkseidreloade: 8:41pm On Jul 20 |
Hkjggqhhzkjdjdbdhdbsbbsbs |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by BarrElChapo(m): 8:42pm On Jul 20 |
Good development for Africa |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by NaijaLandGuy(m): 8:42pm On Jul 20 |
For Nigeria, the project offers an opportunity to expand the monetisation of its vast gas reserves, increase export earnings and strengthen its position as a major supplier in the emerging African gas market. |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by IBB007(m): 8:42pm On Jul 20 |
Lol…na how to embezzle the money dey Naija politicians mind |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by gmo10(m): 8:43pm On Jul 20 |
I hope Boko Haram, Iswap and their likes won't be able to bomb the pipeline? Else... |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by Kalaskala: 8:47pm On Jul 20 |
This is supposed to bring joy to the average Nigerian but no, the benefits will be only to the top 1% political class, a new Avenue for looting and embezzlement |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by dododawa1: 8:50pm On Jul 20 |
AUDIO AUDIO AUDIO AUDIO AUDIO |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by Slayar: 8:51pm On Jul 20 |
Big news,Nigeria is industrializing on a massive scale . More revenue for the country. |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by fineboynl(m): 8:52pm On Jul 20*. Modified: 11:31pm On Jul 20 |
This pipeline project is one of the most stupid and fragile project in modern time. Its also stupid to think about it not to talk if doing it. Russia have the vast amount of gas Europe needs. They need to settle and iron things out within Europe which is better for them. African pipelines are not safe. Imagine running a pipe from niger delta to Morocco. Even the rain tracks are not safe not to talk of pipeline. What are the environmental assessments? And from war or terror?. Over 13 countries for a cheap gas? Those countries will collect %, if you add maintenance and protection of the pipeline it mean nigeria is throwaway it gas to Europe. Its the most stupid and ridiculous idea I have ever heard. Those area they have gas should be generating massive power and large industries. Producing iron and steal. Instead we allowed china to be dumping inverter solar setup and batteries in our country. |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by Goodvibes007: 8:54pm On Jul 20 |
Obidients may have to go and hug a live transformer on seeing this news. If you have an obidient in your family, please watch them closely. |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by ecolime(m): 8:54pm On Jul 20 |
gmo10:Bomb gas pipeline? Na straight to hell be that |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by runsapp(f): 8:55pm On Jul 20 |
That’s a big mistake. Just sign it with dangote. It’s better for everyone ![]() |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by sulaak(m): 8:58pm On Jul 20 |
BarrElChapo:Stupid development; that's why the SA call African hopeless. We need gas to generate electricity; why not get a $25billion loan to fund our electricity needs |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by givedemwotowoto: 9:00pm On Jul 20*. Modified: 9:15pm On Jul 20 |
Important Timelines: Project was first proposed in the 80s. Nigeria, Benin, Ghana, and Togo sign the development agreement in 1995. Construction started in 2005 Gas started flowing and commercial operations started between 2008 and 2011 Then they decided to go beyond West Africa. Nigeria - Morocco Gas Pipeline Launched in 2016. The pipeline will pass through West Africa to Morocco and possibly to Europe. ECOWAS Gas pipeline then merged with Nigeria - Morocco gas pipeline in 2024 —————————— Finally, 2027: Tinubu loses Presidential Reelection.
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| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by engrchykae(m): 9:03pm On Jul 20 |
Why will we pipe gas to Morocco? Did the gas pipeline end in Morocco or did the pipeline run all the way from Morocco to Spain to England? Nigeria is British company, royal Niger company |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by DMCA: 9:13pm On Jul 20 |
IBB007:see how dis one dey reason. how Naija wan take embezzle Ecowas money? ![]() |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by DMCA: 9:14pm On Jul 20 |
dododawa1:are u from across d bridge? ![]() |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by franvincoop: 9:29pm On Jul 20 |
That picture above, is that the pipeline that will transport the gas? Richtaiwo: |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by santopelele(m): 9:32pm On Jul 20 |
GAS GAS GAS, Nigeria govt keeps having quick erection since they heard that imo state has the largest gas reserve in Africa. Now they are now teaming up with their arab mafians on how to suck the gas in imo state. Why is the same government not taking them to north and show them where those bandits are harvesting golds in the north? |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by keemsleek(m): 9:37pm On Jul 20 |
fineboynl:Since you know better here are some things you didn't talk about The agreement signed by ECOWAS leaders is a major political step toward building the $25 billion Nigeria–Morocco Gas Pipeline, a project that will transport Nigerian natural gas through 13 West African countries to Morocco, where it can connect to European gas networks. The pipeline is expected to span about 6,000–6,900 km, making it one of the world's longest gas pipelines. What this could mean for Nigeria 1. More revenue from gas exports Nigeria has one of Africa's largest natural gas reserves. The pipeline could allow Nigeria to export much more gas to West Africa and Europe, increasing foreign exchange earnings and government revenue. 2. More jobs Thousands of jobs could be created during construction. Longer term, jobs could emerge in pipeline operations, gas processing, engineering, logistics, and maintenance. 3. Better use of Nigeria's gas Nigeria currently flares some natural gas that could instead be sold. The project could encourage greater investment in gas production and processing. 4. Economic growth Increased gas production can support industries such as fertilizer, petrochemicals, cement, steel, and manufacturing. Higher economic activity can generate more tax revenue. 5. Stronger regional influence Nigeria would strengthen its position as West Africa's leading energy supplier. The project could deepen economic integration across ECOWAS. Source multiple source online |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by Richtaiwo(m): 9:39pm On Jul 20 |
franvincoop:Go look up the meaning of "symbolic picture". |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by stepaside1: 9:41pm On Jul 20 |
The African Atlantic Gas Pipeline popularly called the Nigeria-Morocco gas pipeline will be laid in offshore waters along the coastlines of participating countries from Nigeria all the way to Morocco, then extending through the Mediterranean sea to Europe. It will be a huge revenue earning project for Nigeria as the key gas supplying country, enabling us to monetise our vast gas resources. However, this will be at the detriment of gas utilisation for domestic purposes such as Power here in Nigeria. The simple truth is that our domestic market is not yet matured to commercially utilise gas for Power. At current gas prices enabling Power in Nigeria, we can't still make it work because the system cannot pay market reflective rates for gas. The export market can pay 3-5 times what we currently pay domestically hence those markets will always be favoured by businesses. I think govt can dedicate 25% of revenue made from this project to develop infrastructure and systems that can enable the domestic market compete over 10-15 years until there is parity amongst both markets. It won't be easy, it will take hard work and painful decisions around removal of electricity subsidies so that a fair price can be paid for gas and Power. A gradual phase out of such subsidies alongside dedicated investment in critical gas, Power and industry infrastructure is required to take us to the promised land. Question is - are we ready? |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by fineboynl(m): 9:53pm On Jul 20 |
keemsleek:look at yourself in the mirror for this senseless post. Over 13 countries? Those countries will have a cut % from the cheap gas. This deal is out from desperation. And political thieves looking for anyways to steal |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by keemsleek(m): 10:38pm On Jul 20 |
fineboynl:If you are this so intelligent why are you here and not at the top? You thay have not made a Senseless post, let put ur post outside and let intellectual people see what you wrote. |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by Nword22: 10:39pm On Jul 20 |
I hope it's not the one in Imo State that they want to transport to Morocco because it won't work. |
| Re: ECOWAS Leaders Sign Pact For $25bn Nigeria-Morocco Gas Pipeline by ViceGovernor: 11:02pm On Jul 20 |
White elephant 🐘 pipelines that lead to nowhere. |
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