President Bola Tinubu and the Equatorial Guinean President Teodoro Obiang Nguema Mbasogo on Wednesday evening in Malabo signed an agreement on Gulf of Guinea Pipeline Project, further affirming partnership for mutual development.
The agreement covered legislative and regulatory measures for the gas pipeline, establishment and operation, transit of natural gas, ownership of the gas pipeline, and general principles.
Tinubu, who is on a three-day official visit to Equatorial Guinea, said the signing of the agreement will open up new opportunities for gas exploration and employment.
The President stated that the two leaders had discussed issues related to the creation of employment, food security, multilateral relations, and conflict resolution mechanisms on the continent during a private meeting that preceded the signing of the agreement.
A statement by Chief Ajuri Ngelale, Special Adviser on Media and Publicity, quotes the president as saying:
“Concerning Africa, conflicts and conflict resolution were discussed. We discussed various areas of conflicts and what we can do to promote peace.
“We talked about 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, industrialization 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.”
Tinubu said the discussion with the President of Equatorial Guinea also covered challenges of security, 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 also said.
In his remarks, the President of Equatorial Guinea said bilateral relations with Nigeria over many years have been rewarding and emphasized the need to deepen cooperation across salient areas.
Mbasogo said Africa’s vision of having a permanent seat in the Security Council of the United Nations is vital for the development of the continent, affirming that Equatorial Guinea will work with Nigeria to realize the objective.
He said the signing of the agreement was strategic for Africa’s development.
The Minister of Foreign Affairs, Ambassador Yusuf Tuggar of Nigeria, and Mr. Simeon Oyono Esono, Minister of Foreign Affairs of Equatorial Guinea, also signed the agreement.
The Minister of Justice and Attorney General of the Federation, Chief Lateef Fagbemi (SAN), the Minister of Defence, Muhammad Badaru Abubakar, the Minister of Interior, Dr. Olubunmi Tunji-Ojo, the Minister of State, Petroleum, Gas, Ekperikpe Ekpo, and the Minister of Youth Development, Dr. Jamila Ibrahim- Biu were present at the signing of the agreement.
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