Tinubu, Mbasogo sign agreement on gas pipeline for Gulf of Guinea

*Nigerian President Bola Ahmed Tinubu discloses the signing of the agreement with Equatorial Guinean President Teodoro Obiang Nguema Mbasogo will open up new opportunities for gas exploration and employment, stating the two leaders also discussed issues related to food security, multilateral relations, and conflict resolution mechanisms on the African continent

Alexander Davis | ConsumerConnect

Nigerian President Bola Ahmed Tinubu and Equatorial Guinean President Teodoro Obiang Nguema Mbasogo evening Wednesday, August 4, 2024, in Malabo, signed an agreement on Gulf of Guinea Pipeline Project, further affirming partnership for mutual development.

The Federal Government said that 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.

Chief Ajuri Ngelale @AjuriNgelale, Special Adviser to the President on Media and Publicity, in a statement President Tinubu, who is on a three-day official visit to Equatorial Guinea, in his remarks at the event, 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 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.

“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, industrialisation 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.

President 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 concluded.

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.

President 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 realise the objective.

The President of Equatorial Guinea said the signing of the agreement was strategic for Africa’s development.

Ambassador Yusuf Tuggar of Nigeria, Honourable Minister of Foreign Affairs, and Mr. Simeon Oyono Esono, Minister of Foreign Affairs of Equatorial Guinea, also signed the agreement.

Chief Lateef Fagbemi, SAN, Honourable Minister for Justice and Attorney General of the Federation; Minister of Defence, Muhammad Badaru Abubakar; Minister of Interior, Dr. Olubunmi Tunji-Ojo; Minister of State, Petroleum, Gas, Ekperikpe Ekpo, and Minister of Youth Development, Dr. Jamila Ibrahim-Biu were present at the signing of the agreement in Equatorial Guinea, stated Ngelale.