You The Nigerian Moroccan Gas Pipeline is the most important & consequential capital project for the Nigerian government right now.
Nigeria’s equity contribution is $13bn. The President should be on the plane engaging creditors, negotiating right of way with 12 countries in ECOWAS.
Negotiating a Gas for phosphate deal with OCP Morocco, so NSIA will stop paying for P in NPK,
And reduce the cost of blending fertiliser in Nigeria,
Negotiating for City Gates in ECOWAS RoW countries as a means to reduce charges and earn more FX,
Guarantee that methane Gas is captured in the exclusive & sensitive list in the instruments of ratification for the African Free Continental Trade Agreement (AfCFTA).
Piped methane gas can earn Nigeria $50bn per year. Qatar did $62bn in Gas sales in 2021.
Nigeria is flaring a lot of gas because other than the fact that the govt is not enforcing punitive measures for flaring, the NLNG has not maximised it’s capacity to offtake existing gas,
Plus the cap on gas pricing by the NGMC makes it difficult to attract institutional capital