NIGERIA, EU TO WORK TOGETHER ON DIGITAL ECONOMY, EXPLORE RAISING LNG SUPPLY TO EUROPEAN COUNTRIES

*VP: It's a relief EU supports gas as transition fuel
*EU announces 820m-Euro Digital Economy Package for Nigeria

It is a relief that the European Union (EU) supports the view canvassed by Nigeria that gas be considered a transition fuel as the global community moves towards net-zero emissions targets.

Nigeria's Vice President Yemi Osinbajo, SAN, said this while receiving at the Presidential Villa last night, a delegation of the European Commission led by its Executive Vice-President, Margrethe Vestager, who is currently on a visit to the country.

According to Prof. Osinbajo, "we are relieved to hear of the EU's support on gas as a transition fuel. It's some bit of relief." Nigeria has been in the forefront of the international advocacy on the issue and the Vice President has spoken and written about it in different international forums.

Issues discussed at the meeting included the use of Digital Technology, Trade and Investment. The importance of the energy relationship between Nigeria and the EU also featured, while a consideration of all options for increased supply of Liquified Natural Gas (LNG) from Nigeria to the EU was agreed to, following a request from the EU. A technical meeting on this will be convened shortly.

The European Commission’s Executive VP informed Prof. Osinbajo on the announcement by President of the Commission, Ursula von der Leyen, of a Global Gateway Africa-Europe Investment Package worth €150 billion.

In that context, she announced an EU-Nigeria Digital Economy Package of at least €820 million until 2024. The package will help enhance secure connectivity, digitalise public services, support entrepreneurship and build digital skills, while developing a human-centric, democratic governance framework for technology.

Welcoming on the EU Digital Economy support, which the Vice President Osinbajo described as impressive, he noted that the use of Digital Technology is crucial in Nigeria's recently released National Development Plan.

Finally, the importance of a renewed Nigeria-EU partnership was noted during the meeting, including expectations for a successful EU-AU (European Union - African Union) Summit in Brussels later this week, specifically on the 17th-18th of February.

Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
14th February, 2022

obinbajo father of Lia.rs

Very good

Nairaland why now

You know that we are Alegic to GOOD NEWS now

Nairaland why now

You know that we are Allergic to GOOD NEWS now

Himtulie247:
Nairaland why now

You know that we are Allergic to GOOD NEWS now

Nothing to do with the news but the truth

[s]

helinues:
Very good

See chronic wailers above me. They didn't not even read the article before dropping their as usual jargons

[/s]

Simply put, it is 820m-Euro loan taken by the northerners to be repaid back to the EU with Liquefied natural gas from the south....

The rest is just grammar...

Hmmm

[img]https://media1./images/4d38b799c539f44f4b07b064b2e1d542/tenor.gif?itemid=23104130[/img]

Ok

If una 1 borrow money just borrow. Them don send osibanjo to make speech as usual.

If Nigeria was wise, this is the time to negotiate and take LNG market from Russia to Europe.

Enter into long term agreements and all.

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Hope it's not on top gas reserves in Igbo land that you are signing this agreement ?

TO

Here

SUFFERInSMILIIN:
This is the cover-up story but the real story why they are talking is Nigeria wants to borrow money from them. I remember two months ago the same thing happened where they said some investors were coming to Nigeria only to find out the investors were coming to borrow Nigeria money this is the type of investment we get. The government must just say they want to borrow money and that's the end of the story instead of beating around the bush

Ukraine-Russian crises have made EU to be looking for alternates to Russian gas which forms about 40% of the gas used in the EU. Don't be hasty to conclude stuff.

They want to sanction Russia their big energy Daddy hence, they turn to Nigeria for help. If not, why is it now, and why is it so urgent.

If I am one of the negotiating team members, I would advocate for Long term supply to the tune at least 25years. If you no cash out now, when?

Putin is really dealing with these guys

God bless Nigeria. I know Nigeria will be great again. Na tey e dey tey, stamarrer must surely call him papa name.

SUFFERInSMILIIN:
This is the cover-up story but the real story why they are talking is Nigeria wants to borrow money from them. I remember two months ago the same thing happened where they said some investors were coming to Nigeria only to find out the investors were coming to borrow Nigeria money this is the type of investment we get. The government must just say they want to borrow money and that's the end of the story instead of beating around the bush

What if I tell you that the real reason they are now particular about Nigeria is the Liquefied Natural Gas, and the reason that it has become urgent is due to Russia’s invasion of Ukraine, which is going to significantly impact gas supply to Europe. The EU is looking for alternatives and Nigeria is a very obvious option.

Osinbajo doing the hard work while mallams lick their lips to siphon billions of dollars

They want to sanction Russia

And only Nigeria has that can of resources with Russia

the EU is looking for cheap gas to buy
It is only russia that sells cheap gas for them and they're threatening to section her. They know russia will cut off gas supply if that happens. Without gas, the EU will freeze.
Meanwhile, they can get gas fron the US, but the US charges 3x of what Russia charges. The Saudi Arabians charge even higher which is why they're now coming to Africa, Nigeria to get cheap gas. Nigeria should at least increase the money. It's our time now

Bosenan:
Putin is really dealing with these guys

Well well naw.

TheGift:


What if I tell you that the real reason they are now particular about Nigeria is the Liquefied Natural Gas, and the reason that it has become urgent is due to Russia’s invasion of Ukraine, which is going to significantly impact gas supply to Europe. The EU is looking for alternatives and Nigeria is a very obvious option.

Not only that only Nigeria has that much capacity to cover Russia gas now