Wale Edun, the minister of finance and coordinating minister of the economy, announced that the United States (US) is considering investing in the Nigeria-Morocco gas pipeline (NMGP) project. This disclosure followed bilateral engagements at the 2025 spring meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington DC.

On June 1, 2022, the federal executive council (FEC) approved the proposal from the defunct Nigerian National Petroleum Corporation (NNPC) to enter into an agreement with the Economic Community of West African States (ECOWAS) for the construction of the Nigeria-Morocco gas pipeline. This approval occurred just before NNPC transitioned into the Nigerian National Petroleum Company (NNPC) Limited, becoming a commercial entity. Subsequently, NNPC, under former GCEO Mele Kyari, signed agreements with Morocco, Côte d’Ivoire, Liberia, Benin, and Guinea as part of the NMGP project.

During the CERAWeek Conference in Houston on March 3, 2024, Kyari had indicated that a final investment decision (FID) on the project would be made by December of the same year. However, Kyari was later replaced by Bayo Ojulari.

Edun reported a high-level meeting with Opayemi Cardoso, Nigeria’s central bank governor, and the director of international economic relations, along with representatives from the U.S. State Department. The U.S. emphasized the importance of continued engagement to highlight Nigeria’s economic reforms and foster investor confidence.

Edun stated, "Key areas of interest includes U.S. interest in investments in Nigeria’s natural gas sector particularly the Nigeria-Morocco Gas Pipeline given the country’s vast gas reserves." He also noted opportunities in infrastructure, particularly digital connectivity, where U.S.-led transatlantic fiber optic projects could benefit Nigeria and support broader digital development goals. Agriculture was also identified as a strategic sector for collaboration, with the U.S. expressing interest in supporting Nigeria’s efforts to boost productivity, enhance value chains, and strengthen food security through investment and technical cooperation.

The Nigerian delegation also met with the Gates Foundation, which expressed interest in collaborating with Nigeria to address funding gaps resulting from USAID retrenchment and to provide technical assistance. Additionally, Makhtar Diop, the managing director and CEO of the International Finance Corporation (IFC), pledged the institution’s support for the “M300 initiative” and for developments in the airport and logistics sectors of the Nigerian economy.