Tinubu, Equatorial Guinean President sign Gulf of Guinea pipeline agreement

President Bola Tinubu and Equatorial Guinean President Teodoro Obiang Nguema Mbasogo signed a significant agreement on the Gulf of Guinea Pipeline Project in Malabo on Wednesday evening, strengthening their partnership for mutual development.

The agreement outlines key legislative and regulatory measures for the gas pipeline, including its establishment, operation, and transit of natural gas, as well as ownership principles. The signing marks a crucial step in advancing gas exploration and creating employment opportunities in the region.

During the event, President Tinubu, who is on a three-day official visit to Equatorial Guinea, emphasized that this agreement would pave the way for new economic opportunities.

“Concerning Africa, conflicts and conflict resolution were discussed. We talked about various areas of conflict and what we can do to promote peace.

“We discussed the promotion of peace and stability in our countries and the growth and prosperity of our continent.

“Just as Europe and America have addressed their conflicts and found solutions, we must also address our issues related to capital inadequacies, industrialization efforts, research and development programs, and the enlightenment of our people.

“Instead of the crises and conflicts we see in the Republic of Congo and elsewhere, we must look inward to solve our problems ourselves,” the president said.

President Tinubu also mentioned that discussions with President Mbasogo covered security challenges, the African Continental Free Trade Area (AfCFTA), and food security.

“We are all committed to this. Within Africa and the African Union, we have resolved to work together to ensure that the solutions to many of our problems come from within,” the President concluded.

In his remarks, President Mbasogo emphasized that the bilateral relations with Nigeria have been rewarding over the years and highlighted the need to deepen cooperation across key areas.

President Mbasogo also affirmed the importance of Africa having a permanent seat on the United Nations Security Council for the continent’s development and confirmed that Equatorial Guinea will work with Nigeria to achieve this goal.

The signing of the agreement was described as strategic for Africa’s development.

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.

Other notable attendees at the signing included Nigeria’s 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 for Petroleum, Gas, Ekperikpe Ekpo; and Minister of Youth Development, Dr. Jamila Ibrahim-Biu.