Nigerians have been assured that the Nigeria/ Niger/Algeria trans Sahara Gas Pipeline project has tremendous potential of boosting the Nigerian economy.
This assurance was given last week by the Nigerian Ambassador to Algeria, Mr Jeremiah Hassan in Algiers during a chat with News Agency of Nigeria (NAN). He stressed that the gas project would open more business doors and create jobs for Nigerian youths.
Giving an insight into how the project will work, Hassan explained that “the Trans-Sahara Gas Pipeline will carry our gas from Nigeria through Niger Republic to the European ports and that will be done using Algeria’s already existing pipeline.
“This contract will allow us to link all the businessmen from these countries as well as Libya, Mali and other countries in this part of Africa. “The Trans-Sahara gas agreement will reduce dependence on crude and devote attention to gas.
“The gas, which will be transported through the Algeria’s pipeline to industries in those countries, would be used in generating power for their machines
The ambassador explained further that the gas pipeline project would also generate a lot of business activities and enough power that would boost other sectors of the Nigerian economy. He noted that rather than flaring gas daily in Nigeria, it could be used as an alternative source of energy to improve power generation in the country.
“With the new technology, people will no longer depend solely on fuel for power generation; gas is another source of energy that could be harnessed to generate our required power.
“There are technologies that if we used them plus other energy source from the thermal stations, we should be able to have enough power for the country,” Hassan said.
He noted that the European Union (EU) was also ready to invest in the project, which was expected to commence soon as a way of diversifying its sources of gas.