Morocco prepares fundraising push for $25 billion Nigeria gas pipeline

Friday 01 May 2026 - 09:01

By: Dakir Madiha

Morocco prepares fundraising push for $25 billion Nigeria gas pipeline

Morocco is preparing to launch a fundraising effort to support the construction of a $25 billion gas pipeline linking Nigeria to Morocco, a project designed to strengthen regional energy integration and expand supply routes to Europe. The initiative will be led by National Office of Hydrocarbons and Mines, which recently gained new financial and operational flexibility after converting into a public limited company.

The fundraising plan marks the agency’s first major capital-raising initiative since its restructuring earlier this year. The new status allows it to mobilize diversified funding sources, structure international partnerships, and manage large-scale infrastructure projects. Officials have not disclosed the size or format of the initial fundraising round, but the move signals a shift toward more active financial engagement in strategic energy developments.

The Nigeria-Morocco gas pipeline is intended to enhance energy security across both Africa and Europe. As European countries seek to diversify gas supplies, the Atlantic corridor linking West African reserves to northern markets is seen as a key opportunity. The project would tap into significant gas resources that remain underdeveloped and channel them through a long-distance pipeline network.

Authorities from both countries are expected to sign an intergovernmental agreement within the year. A joint venture company will be established between the Moroccan agency and the Nigerian National Petroleum Company to oversee financing, construction, and implementation. This structure aims to streamline decision-making and coordinate investment across multiple jurisdictions.

The pipeline is one of the largest energy infrastructure projects on the continent. It is expected to span more than a dozen countries along the Atlantic coast, serving an estimated 350 million people. Initial phases will connect Morocco to gas fields in Mauritania and Senegal, while also linking energy networks between Ghana and Côte d’Ivoire.

Beyond energy supply, the project is positioned as a strategic corridor that could transform Morocco into a bridge between African producers and European consumers. By facilitating cross-border infrastructure and expanding access to natural gas, the pipeline is expected to support industrial development, improve energy access, and reinforce long-term regional cooperation.