President Bola Tinubu and President Teodoro Mbasogo of Equatorial Guinea have signed an agreement on a gas pipeline for Gulf of Guinea.
In a statement on Thursday by Ajuri Ngelale, the president’s spokesman, the agreement on the Gulf of Guinea gas pipeline project was signed on Wednesday.
Ngelale said the agreement further affirms the two nations’ partnership for mutual development.
According to Ngelale, 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. In his remarks, Tinubu 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.
