BIG STORY

Nigeria, Morocco On Track To Expedite Gas Pipeline Agreement — NNPCL

Published

10 months ago

January 25, 2024

The Nigerian National Petroleum Company Limited (NNPCL) says the federal government has intensified talks with Morocco to expedite the process of achieving the final investment decision (FID) on the Nigeria-Morocco gas pipeline (NMGP).

According to a statement by Olufemi Soneye, chief corporate communications officer, NNPC, the discussion was held on January 24, 2024.

NNPC said the discussion was held on the sidelines of a meeting between Ekperikpe Ekpo, minister of state for petroleum resources (gas), and Leila Benali, Moroccan minister of energy transition and sustainable development.

The discussion was anchored by Olalekan Ogunleye, NNPC’s executive vice-president, gas, power and new energy, and Mme Benkhadra, director-general of the Morocco national office of hydrocarbons and mines (ONHYM).

“The talks focused on how to drive the partnership between the two countries to accelerate the Nigeria-Morocco Gas Pipeline Project in line with the series of Memoranda of Understanding (MoUs) signed between the two countries in Abuja in 2022,” Soneye said.

“Both parties emphasised the strategic importance of the project to the two countries and the entire African continent and the need to drive it to completion expeditiously in line with the objective of stemming energy poverty on the African continent.”

The project, Soneye said, will help foster the monetisation of Nigeria’s gas resources, uphold NNPC’s energy leadership in Africa, and promote economic and regional cooperation among African countries.

In 2017, the Morocco-Nigeria gas pipeline agreement was signed.

Once completed, the project is expected to supply about three billion standard cubic feet of gas per day (3bscf/d) from Nigeria to the Kingdom of Morocco and subsequently to Europe.

It is a 5,600 kilometres gas pipeline project traversing 13 African countries namely Nigeria, Benin, Togo, Ghana, Cote d’Ivoire, Liberia, Sierra Leone, Guinea, Guinea Bissau, Gambia, Senegal and Mauritania to Morocco.

The NNPC has signed several agreements with the partner countries, including Morocco and Benin.

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BIG STORY

JUST IN: Court Remands Yahaya Bello In EFCC Custody Amid Alleged N110bn Fraud Case

Published

2 hours ago

November 27, 2024

PorscheClassy News

The Federal Capital Territory (FCT) High Court has remanded Yahaya Bello, former governor of Kogi, in the custody of the Economic and Financial Crimes Commission (EFCC).

Bello was arraigned on a 16-count charge related to alleged money laundering on Wednesday.

He pleaded not guilty to all the charges.

More to come…

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BIG STORY

First Phase Of 10,800-Bed Hostel In LASU Ready — Tokunbo Wahab

Published

2 hours ago

November 27, 2024

PorscheClassy News

The first phase of a 10,800-bed hostel project at the Lagos State University (LASU) is now ready for inauguration, according to Tokunbo Wahab, former special adviser to the governor on education.

Wahab, who is now commissioner for environment and water resources in Lagos, describes the project as ambitious and transformative.

“ It remains one of the most ambitious and transformative projects undertaken during my time as the Special Adviser to the Governor on Education,” he wrote on X.

“It was executed through a Public-Private Partnership (PPP) model under a Build-Operate-Transfer (BOT) arrangement which involves seven reputable investors.”

Wahab commended Babajide Sanwo-Olu, Lagos governor, for his leadership and continuous support.

“Proud of the work done here and to have been a part of this special one,” he added.

“Through the grace of God and the unwavering support and the dedication of the Lagos State Office of Public-Private Partnerships, the relentless efforts of the management staff of LASU, led by Vice Chancellor Prof. Ibiyemi Olatunji-Bello, and the cooperation of other key stakeholders, the first phase of this landmark project has now been completed.”

Wahab emphasized that the project showcases the state government’s commitment to leveraging public-private partnerships to address critical infrastructure needs in the education sector.

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BIG STORY

JUST IN: Yahaya Bello Pleads Not Guilty In Alleged N110bn Fraud Case

Published

3 hours ago

November 27, 2024

PorscheClassy News

Former Kogi State Governor, Yahaya Bello, has pleaded not guilty to the 16-count charge filed against him by the Economic and Financial Crimes Commission (EFCC) over his alleged involvement in a N110 billion fraud.

Bello was arraigned on Wednesday before Justice Maryanne Anenih of the Federal Capital Territory High Court in Abuja.

The former Kogi governor had been declared wanted by the EFCC in April 2024.

More to come…

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