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In a bid to fast-track the process of achieving the Final Investment Decision (FID) on the Nigeria-Morocco Gas Pipeline, the Federal Government has intensified discussions with the Kingdom of Morocco.
The pipeline is estimated to cost $25 billion and would be completed in stages over 25 years. Morocco is reportedly pushing Nigeria to pursue this pipeline rather than the Trans-Saharan Gas Pipeline, arguing that the latter would have to pass through a region with significant militant activity.
FG plans to spend more on debt servicing, capital expenditures
The Federal Government has outlined plans to allocate a significant portion of its budget to debt servicing over the next...
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