President Muhammadu Buhari has indicated that Nigeria is ready to fill the natural gas gaps in Europe caused by the current Russia-Ukraine war.
The President made the announcement on Thursday in Lisbon, Portugal, where he is on a State Visit.
Buhari said Nigeria is ready to be the hub of the African Continental Free Trade Area (AfCFTA) with over a population of 200 million young people.
He urged his host country to consider Nigeria as a valued and trusted partner in Africa for effective collaboration between both countries.
The Nigerian leader identified five key areas of cooperation capable of moving both countries forward, which includes:
oil and gas, tourism and hospitality industry, air travel, security and joint commission.
Buhari said with the current war, Nigeria-Portugal partnership has become vital to avoid crisis in the demand and supply chain.
The West African power is already a major supplier of gas to Portugal.
On tourism, the President noted that Nigeria had huge potential in the sector and would like to benefit from Portugal’s expertise.
On air travel, he emphasized the need to sign a Bilateral Air Services Agreement (BASA) and establish a direct air link between the two countries.