President Bola Tinubu and President Teodoro Mbasogo of Equatorial Guinea have signed an agreement on a gas pipeline for Gulf of Guinea.
Presidential spokesman, Ajuri Ngelale in a statement on Thursday, said the agreement on the Gulf of Guinea gas pipeline project was signed on Wednesday.
According to Ngelale, the agreement further affirms the two nations’ partnership for mutual development.
He said the agreement covered legislative and regulatory measures for the gas pipeline, establishment and operation, as well as transit of natural gas, ownership of the gas pipeline, and general principles.
The statement quoted Tinubu to have said the signing of the agreement will open up new opportunities for gas exploration and employment.
The president said 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.
“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,” Tinubu said.
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,” he added.
Mbasogo, the statement noted, said bilateral relations with Nigeria over many years have been rewarding but emphasised the need to deepen cooperation across salient areas.
