Osinbajo To Lead Nigeria’s Delegation To AU Summit

Prof. Yemi Osinbajo
VICE President, Professor Yemi Osinbajo (SAN) will lead Nigeria’s delegation to the 27th Ordinary Session of the African Union starting on July 18 in Kigali, Rwanda, the Minister of Foreign Affairs, Mr. Geoffrey Onyeama, disclosed this on Monday in Abuja.
The Minister explained that the occasion would afford Nigeria the opportunity to showcase the successes recorded by the current administration with a view to attracting foreign investors particularly provide opportunity for assessment on the 20 billion dollar Nigeria-Algeria trans-Saharan gas pipeline project under the New Partnership for African Development (NEPAD)...
The News Agency of Nigeria (NAN) reports that when completed, the trans-saharan project would transport about 30 billion cubic metres of natural gas from Warri through Niger Republic to Algeria. The pipeline would be operated by the Nigerian National Petroleum Corporation (NNPC) and Sonatrach of Algeria.

According to the memorandum of understanding (MoU), both parties will hold 90 per cent equity shares of the project, while the National Oil Company of Niger Republic will hold 10 per cent equity.



No comments:

Post a Comment