Nigeria, Equatorial Guinea sign gas pipeline agreement

President Bola Tinubu and the President of Equatorial Guinea, Teodoro Mbasogo, on Wednesday, in Malabo signed an agreement on the Gulf of Guinea Pipeline Project, further affirming the 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,” a statement signed by Tinubu’s spokesman, Ajuri Ngelale, on Thursday read.

The statement is titled ‘President Tinubu and President Mbasogo sign agreement on the gas pipeline for the Gulf of Guinea.’

In his remarks at the event, 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.

He said the two leaders discussed issues on 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.

“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, 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,’’ the President said.