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Oil and Gas: President Tinubu, Mbasogo Of Equatorial Guinea Sign Agreement On Gas Pipeline For Gulf of Guinea
On the agreement are legislative and regulatory measures for the gas pipeline, its establishment and operation, transit of natural gas, ownership of the gas pipeline, and general principles.
The President of Nigeria, Bola Ahmed Tinubu and his counterpart, Equatorial Guinean President, Teodoro Obiang Nguema Mbasogo on Wednesday in Malabo, signed an agreement on Gulf of Guinea Pipeline Project.
This was confirmed by Chief Ajuri Ngelale, the Special Adviser to President Tinubu on Media and publicity, in a statements on Thursday, stating that the agreement was signed on Wednesday evening in Malabo.
The agreement upholds that the both countries are partners for mutual development.
On the agreement are legislative and regulatory measures for the gas pipeline, its establishment and operation, transit of natural gas, ownership of the gas pipeline, and general principles.
In his remarks at the event, President Tinubu said the signing of the agreement will open up new opportunities for gas exploration and employment.
Furthermore, President Tinubu said 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.
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“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.
President Tinubu said the discussion with the President Mbasogo 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 Equatorial Guinean President stated that 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 realize the objective.
The President of Equatorial Guinea said the signing of the agreement was strategic for Africa’s development.
The Minister of Foreign Affairs, Ambassador Yusuf Tuggar of Nigeria, and Mr. Simeon Oyono Esono, Minister of Foreign Affairs of Equatorial Guinea, also signed the agreement.
The agreement was signed and witnessed by the following:
Amb. Yusuf Tuggar, the Minister of Foreign Affairs, and Mr Simeon Esono, Minister of Foreign Affairs of Equatorial Guinea, also signed the agreement.
Also, Chief Lateef Fagbemi, the Minister of Justice and AGF, Alhaji Muhammad Abubakar, the Minister of Defence, Dr Olubunmi Tunji-Ojo, the Minister of Interior, witnessed the signing of the agreement.
Others were Mr Ekperikpe Ekpo, the Minister of State for Petroleum, Gas, and Dr Jamila Ibrahim-Bio, the Minister of Youth Development.