Morocco plans to invest 10 billion dollars in Nigeria in the energy, minerals, and agriculture sectors
The government of Kano State in Nigeria has announced a strategic partnership with renowned Moroccan institutions aimed at attracting investments exceeding 10 billion dollars over the next five years. These investments will primarily focus on renewable energy and mineral development. This partnership is the result of an official visit to Morocco led by the governor of Kano State, which included meetings with institutions such as the Ministry of Energy Transition, MASEN, and OCP Africa.
The partnership aims to establish a long-term institutional framework to boost the local economy of Kano State through technology transfer and skills development. The projects include signing memorandums of understanding to develop energy storage technologies and improve agricultural productivity in the face of climate challenges.
The Casablanca Chamber of Commerce has confirmed its support for the state, while a preliminary agreement has been reached with OCP Africa to implement integrated agricultural projects. Regarding energy, an agreement has been made with MASEN to develop solar projects and energy storage solutions in industrial areas.
Nigerian economic expert Dr. Emmanuel Obasanjo emphasized that this partnership marks a turning point in Nigeria’s view of Morocco, considering it a platform for implementation, financing, and technology transfer, and expecting it to become a model of development to be followed in other Nigerian states.
