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 with over 200 million mainly young people, Nigeria is ready to be the hub of the African Continental Free Trade Area (AfCFTA).
Commenting on collaboration between Nigeria and Portugal, he urged his host country to consider Nigeria as a valued and trusted partner in Africa.
The Nigerian leader identified five key areas of cooperation capable of moving both countries forward.
These are 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