President Bola Tinubu and Equatorial Guinean President Teodoro Mbasogo on Wednesday evening in Malabo signed an agreement on the Gulf of Guinea Pipeline Project, further affirming the partnership for mutual development.
This was stated in a Thursday announcement by presidential spokesman Ajuri Ngelale.
He noted that the agreement encompasses legislative and regulatory measures for the gas pipeline, its establishment and operation, the transit of natural gas, ownership of the gas pipeline, and general principles.
During his remarks at the event, President Tinubu, who is on a three-day official visit to Equatorial Guinea, stated that the signing of the agreement would open new opportunities for gas exploration and employment.
The president mentioned that, in a private meeting preceding the agreement signing, the two leaders discussed issues related to employment creation, food security, multilateral relations, and conflict resolution mechanisms on the continent.
“Concerning Africa, conflicts and conflict resolution were discussed. We discussed various areas of conflict and what we can do to promote peace. We talked about the promotion of peace and stability in our countries and growth and prosperity on our continent.
“In the same way that Europe and America have kept themselves and found a solution for their conflicts, we have to look at both inadequate capital, industrialisation efforts, research and development programmes, and enlighten our people, navigate our way through problems.
“Instead of the crisis and conflicts that we see in the Republic of Congo, and others, we have to look inwards to solve problems ourselves,’’ the President said.
President Tinubu said the discussion with the President of Equatorial Guinea also covered challenges of security, the African Continental Free Trade Area (ACFTA), and food security.
“We are all going for it. Within Africa and the African Union, we have resolved that we will work together to make sure that the solution to many of our problems in Africa comes from within,’’ the President said.
In his remarks, the President of Equatorial Guinea said bilateral relations with Nigeria over many years, have been rewarding and emphasised the need to deepen cooperation across salient areas.
President Mbasogo emphasized that Africa’s vision of securing a permanent seat on the United Nations Security Council is crucial for the continent’s development, affirming Equatorial Guinea’s commitment to working with Nigeria to achieve this goal.
He also stated that the signing of the agreement is a strategic step for Africa’s development.
The Minister of Foreign Affairs, Ambassador Yusuf Tuggar of Nigeria, and the Minister of Foreign Affairs of Equatorial Guinea, Simeon Esono, also signed the agreement.
The Minister of Justice and Attorney General of the Federation, Chief Lateef Fagbemi, SAN; Minister of Defence, Muhammad Badaru Abubakar; Minister of Interior, Dr Olubunmi Tunji-Ojo; Minister of State, Petroleum, Gas, Ekperikpe Ekpo, and Minister of Youth Development, Dr Jamila Ibrahim- Biu were present at the signing of the agreement.