On January 25, 2025, Nigeria's Vice President Kashim Shettima met with World Economic Forum (WEF) President Børge Brende in Davos, Switzerland, to discuss potential collaboration aimed at enhancing energy security through the African Atlantic Gas Pipeline (AAGP). This pipeline is envisioned to connect Nigeria to Morocco and Europe, facilitating the export of natural gas and bolstering economic growth in Nigeria, which is projected to have a population of 250 million by 2050. [d25a9014]
During the meeting, Shettima emphasized the critical role of Nigeria's vast gas resources in supporting sustainable economic development. He also highlighted the urgent need to recharge Lake Chad, a vital water source for millions in the region, as part of broader efforts to address food security and generate clean energy. This initiative is particularly relevant as Nigeria continues to implement reforms under President Bola Tinubu, which include subsidy removal and tax reforms aimed at fostering sustainable economic growth. [d25a9014]
The discussions also touched upon Nigeria's commitment to the African Continental Free Trade Area (AfCFTA), showcasing the country's dedication to regional economic integration and cooperation. Shettima extended an invitation to President Brende to visit Nigeria, signaling the government's proactive approach to engaging with international partners to advance its energy and environmental objectives. [d25a9014]
This initiative aligns with Nigeria's ongoing support for the World Trade Organization (WTO) Chair Programme (WCP), which aims to enhance trade policy formulation and economic capacity building in the country. The WCP, led by Nnamdi Azikiwe University, focuses on critical areas such as digital trade and women's economic empowerment, reflecting Nigeria's multifaceted approach to economic development amid global trade tensions. [d45686a8]