EU Should Invest In Nigeria- Buhari
In a bid to reduce reliance on Russian gas, and fund alternatives, President Muhammadu Buhari charged that the West including the UK and EU should invest in the planned 4000 km pipeline between Nigeria and Morocco. NAIRAMETRICS reports.
President Buhari made this known in an interview with Bloomberg yesterday, adding that Nigeria is also committed to working with the West on green energy policies. He also urged that armed non-state groups that operate in Nigeria’s oil-rich regions must be designated as terrorist groups, urging the EU to identify IPOB as a terrorist organization.
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He added that Nigeria needs long-term partnership not inconsistency and contradiction on green energy policy from the UK and European Union. Information Guide Nigeria
”Investment is hampered by their broad-brush moratorium on overseas gas projects, while at home the same projects are classified as green.
”It does not help their energy security, it does not help Nigeria’s economy, and it does not help the environment. It is hypocrisy that must end. jamb results
”To change, the UK and EU countries should invest in our planned 4000 km pipeline to bring Nigerian gas – the largest reserves in Africa – via Morocco, then onto Europe” he added.
He stated that this month in record time – the Nigerian National Petroleum Company (NNPC) entered into an agreement with the Economic Community of West African States (ECOWAS) for its construction.
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”Concurrently on July 1, the NNPC will become a Limited Liability Company and be subject to more robust auditing and commercial disclosure obligations.
”It will help stimulate investment and boost transparency, where corruption has deterred the former and stymied the latter.
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Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada”My administration is the first to pass this landmark reform in our oil and gas sector, after two decades of predecessors’ failure to do so – no doubt due to vested interests,” he said.
”It would help if our western allies designated IPOB as a terrorist group, given their complicity in damage to pipelines and infrastructure,” he said.