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Friday, January 24, 2025

Shettima seeks global partnership on African Atlantic gas pipeline

Mr Shettima said Nigeria would be in a position to take advantage of the WEF platform to develop the gas project.

• January 24, 2025
Kashim Shettima
Kashim Shettima [Credit: Shettima]

Vice President Kashim Shettima has sought a partnership with the World Economic Forum (WEF) on the African Atlantic Gas Pipeline (AAGP) to connect Nigeria to Morocco and other African countries.

Mr Shettima spoke during a bilateral meeting with the president of WEF, Børge Brende, on the sidelines of the ongoing annual meeting of the forum in Davos, Switzerland.

He noted that connecting the pipeline would transport natural gas from Nigeria to North Africa and Europe and improve energy security and economic growth in the region.

The vice president also emphasised the need to recharge Lake Chad to tackle the global food security crisis and other existential threats.

He also called for collaboration with WEF to foster economic development and growth in the country and on the continent.

Mr Shettima said Nigeria would be in a position to take advantage of the WEF platform to develop the gas project.

He pointed out that the move would address the geopolitical challenges in Europe and the growing demand for energy due to artificial intelligence, data mining and storage.

“With the geopolitical challenges in Europe from Russian gas problems and the rising demand for energy because of artificial intelligence, data mining and storage, we will be in a vantage position to take advantage of this opportunity.

“A lot of littoral states in West Africa who have discovered gas are more than willing to plug into the system and feed their gas to other end users.

” We are also exploring the area of undersea passage of the pipelines for it to be a win-win for everyone. We want to use the WEF platform,” he said.

According to Shettima, Nigeria is a country blessed with gas and exploring every option to maximise opportunities for economic growth and wealth creation for its growing population.

“Nigeria is a gas nation than an oil nation. Because of our population, we either take care of the young men and women; our average is 16.9, or they take care of us in the next 10 or 20 years down the line.

” This is why we are in a hurry to develop in our enlightened self-interest. Gas provides us the utmost opportunity to generate wealth for our people,” he noted.

On recharging Lake Chad, Mr Shettima said apart from addressing the food security crisis, it would also put Nigeria in a vantage position to generate clean energy and combat terrorism.

” We want to use your platform to recharge the Lake Chad. This will help us to successfully generate clean energy, a significant amount of hydropower annually,” he said.

The vice president said there would be a canal of 2,400 kilometres that would change the agricultural landscape of the sub-region. He said this would address the food security crisis facing the global community.

Mr Shettima also informed the WEF president about the ongoing reforms being undertaken by President Bola Tinubu’s administration.

He added that President Tinubu had returned Nigeria to the part of sustained economic growth.

“From the first week in office, he did the right thing – from the subsidy removal to the alignment of the exchange rates, tax reforms, and so many ongoing reform efforts.

” Our economy has turned the corner, we have crossed the Rubicon, and we’re now on the path to sustained economic growth,” he stated.

(NAN)

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