05 Dec 2016, Annie Tsoneva, EMIS Editor
Nigeria, Morocco eye regional gas pipeline
The project is aimed at setting up a competitive regional electricity market with the potential to be connected to the European energy markets, the minister, Geoffrey Onyema, added.
The deal was reached during a visit by the Morocco's King Mohammed to the Nigerian capital Abuja.
Oil and gas-rich Nigeria produces little electricity, which makes its industries noncompetitive.
Nigeria's economy, the largest in Africa, is faced with a recession due to the low oil prices. Moreover, Nigeria’s oil production has dropped after months of military attacks by militants on the country’s oil infrastructure.
No timeline or estimate of the potential value of the project were given.
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