Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, announced that the United States is seriously interested in investing in the Nigeria-Morocco Gas Pipeline (NMGP) project.
Edun revealed this information in a statement issued on Saturday, detailing the outcomes of his ministry’s bilateral engagements during the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group, held in Washington, D.C.
On June 1, 2022, the Federal Executive Council (FEC) approved the proposal from the former Nigerian National Petroleum Corporation (NNPC) to sign an agreement with the Economic Community of West African States (ECOWAS) for the construction of the Nigeria-Morocco Gas Pipeline.
This approval came one month before the NNPC transitioned into the Nigerian National Petroleum Company Limited, thus becoming a commercial entity.
The FEC’s green light triggered a series of agreements, with the NNPC — then led by its former Group Chief Executive Officer, Mele Kyari — signing accords with Morocco, Côte d’Ivoire, Liberia, Benin, and Guinea as part of the NMGP project.
The Minister highlighted that the United States had emphasized the importance of maintaining ongoing dialogue to showcase Nigeria’s ongoing economic reforms and to strengthen investor confidence.
“Key areas of interest include the U.S. interest in investments in Nigeria’s natural gas sector, particularly in the Nigeria-Morocco Gas Pipeline, given the country’s vast gas reserves,” he said.
The Editorial Team / Le7tv