Nigeria and Equatorial Guinea have signed an agreement for the Gulf of Guinea Pipeline Project. The deal was sealed between the two nation’s presidents during President Tinubu’s three-day official visit to Malabo, the capital of Equatorial Guinea.
The agreement covers several key aspects, including legislative and regulatory measures for the pipeline’s establishment, operation, and transit of natural gas, as well as the ownership of the gas pipeline.
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Room for opportunities
President Tinubu highlighted that the agreement would unlock new opportunities for gas exploration and job creation, further enhancing cooperation between the two nations. During their discussions, the leaders also addressed critical issues such as employment creation, food security, and conflict resolution mechanisms in Africa. Tinubu emphasized the need for African nations to resolve their challenges internally, referencing the importance of industrialization, research, and development.
Additionally, the two presidents discussed security concerns, the African Continental Free Trade Area (AfCFTA), and the broader vision for African unity and self-reliance. President Obiang affirmed Equatorial Guinea’s commitment to deepening cooperation with Nigeria and stressed the importance of Africa securing a permanent seat on the UN Security Council, a goal both countries aim to achieve together.
International Affairs analyst Bashir Mohammed remarked that the gas pipeline agreement is expected to significantly boost the economies of both nations by creating jobs and increasing income generation, highlighting a trend among developing countries to enhance economic self-reliance.
