President Bola Tinubu and President Teodoro Mbasogo of Equatorial Guinea have signed a landmark agreement on the Gulf of Guinea Pipeline Project, marking a significant milestone in the partnership between the two countries.
The agreement, signed on Wednesday evening in Malabo, covers legislative and regulatory measures for the gas pipeline, its establishment and operation, transit of natural gas, ownership of the gas pipeline, and general principles.
In his remarks at the event, President Tinubu emphasized the significance of the agreement, stating, “The signing of this agreement will open up new opportunities for gas exploration and employment. We discussed issues related to the creation of employment, food security, multilateral relations, and conflict resolution mechanisms on the continent.”
President Tinubu also highlighted the importance of African countries addressing inadequate capital, industrialization research and development programs, and navigating their 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,” he said.
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The discussion between the two leaders also covered challenges of security, African Continental Free Trade Area (ACFTA), and food security. President Tinubu emphasized the need for African countries to work together to address these challenges, stating, “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.”
President Mbasogo praised the bilateral relations between Nigeria and Equatorial Guinea, emphasizing the need to deepen cooperation across salient areas.
He highlighted the importance of Africa’s vision of having a permanent seat in the Security Council of the United Nations and affirmed that Equatorial Guinea would work with Nigeria to realize this objective.
The signing of the agreement was witnessed by several dignitaries, including Amb. Yusuf Tuggar, the Minister of Foreign Affairs, Mr Simeon Esono, Minister of Foreign Affairs of Equatorial Guinea, Chief Lateef Fagbemi, the Minister of Justice and AGF, Alhaji Muhammad Abubakar, the Minister of Defence, Dr Olubunmi Tunji-Ojo, the Minister of Interior.
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