An agreement on a gas pipeline for the Gulf of Guinea has been signed by Presidents Bola Tinubu and Teodoro Mbasogo of Equatorial Guinea. The agreement on the Gulf of Guinea gas pipeline project was signed on Wednesday, according to a statement released on Thursday by the president's spokesperson, Ajuri Ngelale. According to Ngelale, the deal strengthens the two countries' cooperation for development. Ngelale claims that the agreement addressed general principles, ownership of the gas pipeline, establishment and operation of the pipeline, and legislative and regulatory procedures about the gas pipeline.

During his speech, Tinubu stated that the agreement's signature would create new jobs and chances for gas development. In a private meeting that took place before the agreement's signature, the president stated that the two leaders talked about matters about the continent's conflict resolution mechanisms, food security, employment development, and multilateral ties. "Conflicts and their settlement were discussed concerning Africa. Tinubu stated, "We talked about different conflict areas and what we can do to promote peace."

We discussed how to advance wealth and growth across our continent as well as peace and stability within our nations. We must examine insufficient funding, industrialization efforts, research and development initiatives, educate our people, and find solutions to problems like how Europe and America have maintained themselves and resolved their differences. "Instead of the crisis and conflicts that we see in the Republic of Congo and others, we have to look inward to solve problems ourselves," the statement reads.

The issues of food security, the African Continental Free Trade Area (ACFTA), and security were also discussed, according to Tinubu, during his meeting with the president of Equatorial Guinea. "We're all aiming high. We have decided within Africa and the African Union that we will cooperate to ensure that many of our problems in Africa are internally solved," he continued.

Mbasogo stated that although bilateral relations with Nigeria have been fruitful over the years, deeper cooperation is still required in several important areas. Equatorial Guinea's president further stated that Equatorial Guinea will work with Nigeria to accomplish Africa's goal of securing a permanent seat in the UN Security Council, calling it essential for the continent's progress. He claimed that signing the deal was a calculated step toward the advancement of Africa. The agreement was also signed by Simeon Oyono Esono, the minister of foreign affairs of Equatorial Guinea, and Yusuf Tuggar, the minister of foreign affairs of Nigeria.

At the agreement signing were Lateef Fagbemi, the federation's minister of justice and attorney general; Muhammad Badaru Abubakar, the minister of defense; Olubunmi Tunji-Ojo, the minister of interior; Ekperikpe Ekpo, the minister of state for petroleum (gas); and Jamila Ibrahim-Biu, the minister of youth development.

At Mbasogo's request, Tinubu will pay an official three-day visit to Malabo, the capital of Equatorial Guinea, the presidency stated on Tuesday. The prime minister of the nation, Manuela Botey, welcomed Tinubu upon his arrival in Malabo on Wednesday. According to the presidency, Tinubu and Mbasogo will have a private meeting after which bilateral agreements about security, oil and gas, and other topics will be signed.