NIGERIA IS ACTIVELY PURSUING A MASSIVE $25B UNDERSEA GAS PIPELINE PROJECT TO SUPPLY GAS TO EUROPE 03-06-25
By Sadiq Aminu Vice President Kashim Shettima says, President Tinubu’s bold economic reforms have positioned Nigeria as a prime investment destination, especially in the energy sector.
Speaking during a meeting with Vitol Group, the world’s largest independent commodity trader, at the Presidential Villa, the Vice President said Nigeria’s leadership transformation under President Tinubu represents an unprecedented opportunity for international investors.
Vice President Shettima described Nigeria’s gas sector as a beacon of stability and transparency amid global uncertainty as he urged Vitol to bring its considerable technical expertise and global influence to bear in advancing Nigeria’s gas infrastructure and exports.
“The world is changing, and ours is actually a gas and not an oil economy. We have the eighth largest gas reserve in the world,” he said.
According to Senior Special Assistant to the President on Media & Communications, Office of the Vice President, Stanley Nkwocha in a statement said, the leader of the delegation, Chief Financial Officer of Vitol Group, Jeffrey Dellapina, noted Vitol’s participation in the downstream, financing, trading and government support in Nigeria.
Vitol Group’s Head of Public Affairs, Murtala Baloni, also noted that the company is currently enjoying a favourable business relationship with Nigerian companies and the government.