Nigeria and the Equatorial Guinea sign agreement on Gulf pipe line project

Nigeria and the Equatorial Guinea have signed an agreement on Gulf of Guinea Pipeline Project, which to strengthen their 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.

At the event, President Tinubu, who is on a three-day official visit to Equatorial Guinea, said the signing of the agreement would open up new opportunities for gas exploration and employment.

The President stated that the two leaders had discussed issues relating 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.

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

The President 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,’’

President Teodoro Obiang Nguema Mbasogo, of Equatorial Guinea had said bilateral relations with Nigeria over many years had been rewarding and emphasised the need to deepen co-operation across salient areas.

President Mbasogo, said Africa’s vision of having a permanent seat in the Security Council of the United Nations was vital for the development of the continent, affirming that Equatorial Guinea will work with Nigeria to realise the objective. He said the signing of the agreement was strategic for Africa’s development.

Reporting by Abdullah Bello; Editing by Julian Osamoto