Morocco seeks world bank and us exim bank funding for nigerian gas pipeline project

Rabat accelerates financing efforts for the Atlantic African Gas Pipeline

The Moroccan government is stepping up its financial strategy to secure the necessary funds for the Atlantic African Gas Pipeline (GAA), a landmark cross-border energy initiative developed in collaboration with Nigeria. Rabat has set its sights on mobilizing a total of $26 billion through partnerships with the World Bank and the U.S. Export-Import Bank (US Exim Bank), as confirmed by the Moroccan Ambassador to the United States, Youssef Amrani.

Key financial institutions targeted for investment

The ambitious project, which aims to connect gas resources from Nigeria to Morocco and beyond, is seeking substantial international backing. The World Bank and the US Exim Bank are among the primary financial institutions being approached to provide the critical funding needed to move the pipeline forward.

Strategic energy infrastructure for West Africa

Once operational, the Atlantic African Gas Pipeline is expected to enhance regional energy security by facilitating the transport of natural gas across multiple West African nations. This infrastructure could play a transformative role in supporting economic growth, industrial development, and energy access across the continent.

Next steps in project financing

The Moroccan government is actively engaging with both financial institutions to finalize the terms of the funding agreements. Securing these investments will be crucial for advancing the pipeline’s construction and ensuring its long-term viability as a key component of Africa’s energy future.