Buhari urges UK and EU countries to invest in 4,000km Nigeria-Morocco gas pipeline – Nigerian Observer

President Muhammadu Buhari has stressed the need for a long-term partnership between Nigeria and the UK as well as the European Union on green energy policy.

The president, who made the call during an interview with Bloomberg News, said the UK and EU countries should invest in the 4,000km pipeline project to deliver Nigerian gas – the largest reserves in Africa – via Morocco, then on to Europe.

He expressed hope that the gas pipeline project, when completed, would help solve the gas supply crisis in Europe.

He said: “We need a long-term partnership and not inconsistencies and contradictions over UK and EU green energy policy.

Investment is hampered by their general moratorium on gas projects abroad, while at home the same projects are classified as green.

“It doesn’t help their energy security, it doesn’t help Nigeria’s economy and it doesn’t help the environment. This is hypocrisy that must end.

“For a change, the UK and EU countries should invest in our planned 4,000km pipeline to deliver Nigerian gas – Africa’s largest reserves – through Morocco and then on to Europe.”

He further explained that the gas pipeline project, linking Nigeria to Europe, conceived four years ago, has since been unveiled.

“Last week (June 2) – in record time – the Nigerian National Petroleum Company (NNPC) reached an agreement with the Economic Community of West African States (ECOWAS) for its construction.

“Simultaneously, on July 1, NNPC will become a limited liability company and will be subject to stricter auditing and business disclosure requirements.

“This will help spur investment and enhance transparency, where corruption has deterred the former and hindered the latter.

“My administration is the first to enact this historic reform in our oil and gas sector, after two decades of failure by its predecessors – no doubt due to vested interests,” he said.

Buhari, however, noted that crime and terrorism in Nigeria’s oil-producing regions had continued to hamper oil production.

He therefore called on Western allies to sanction all terrorist groups operating in the Niger Delta region and other oil-producing states in the south-east and south-south areas.

“It would help if our Western allies designated IPOB as a terrorist group, given their complicity in damaging pipelines and infrastructure,” he said.

The president revealed that the country has invested in security forces, including through the billion-dollar military deal with the United States for the acquisition of the A-29 Super Tucano aircraft.

“These efforts are having an impact: wells that had to be closed due to crime have now reopened.

“Thanks to these efforts, OPEC has raised our quota for next month,” he added.

When calling for the removal of CBN Governor Godwin Emefiele for expressing interest in running for president, the president said it was the responsibility of the CBN board of directors to determine whether the actions of a CBN governor fell within the scope of the law.

”The Governor of the CBN is appointed by the President.

“But this appointment is subject to confirmation by the Nigerian Senate. Ultimately, it will be up to the CBN Board of Directors to determine whether the actions of a CBN Governor violated the laws in place to ensure that he can most effectively discharge his duties. .

“But there is a subtext to the accusations. Because the governor follows a pattern outside of economic orthodoxy, he is labeled political. But orthodoxy has been proven wrong time and time again.

“Instead, the governor follows an alternative economic model that puts people at the heart of politics.

“Nigeria should be free to choose its development model and how to build our economy, so that it works for Nigerians.”

On whether the President plans to endorse any presidential candidate in the 2023 general election, Buhari simply said, “Yes. I will support the APC presidential candidate.

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