President Bola Tinubu and President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea signed a landmark agreement on the Gulf of Guinea Pipeline Project in Malabo on Wednesday evening, solidifying a partnership for mutual development.
The agreement encompasses legislative and regulatory measures, establishment and operation, transit of natural gas, ownership, and general principles. President Tinubu, on a three-day official visit to Equatorial Guinea, emphasized that this signing will unlock new opportunities for gas exploration and employment.
During a private meeting preceding the agreement signing, the presidents discussed employment creation, food security, multilateral relations, and conflict resolution mechanisms. President Tinubu stressed the importance of promoting peace and stability, industrialization, research, and development to address African challenges.
The discussion also covered security challenges, the African Continental Free Trade Area (ACFTA), and food security. President Mbasogo highlighted the significance of deepening cooperation and expressed support for Nigeria’s bid for a permanent seat in the United Nations Security Council.
The agreement was also signed by Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, and Equatorial Guinea’s Minister of Foreign Affairs, Mr. Simeon Oyono Esono. Several Nigerian ministers, including Justice and Attorney General, Defence, Interior, Petroleum, and Youth Development, were in attendance.
