In a significant move to boost economic cooperation and energy security, President Bola Tinubu of Nigeria and President Teodoro Mbasogo of Equatorial Guinea have signed a historic agreement on the Gulf of Guinea gas pipeline project.

According to Ajuri Ngelale, President Tinubu's spokesman, the agreement was signed on Wednesday, marking a major milestone in the two nations' partnership for mutual development.

"The signing of this agreement is a testament to our commitment to unlocking new opportunities for growth and prosperity in our region," President Tinubu said. "This project will not only enhance gas exploration but also create employment opportunities and stimulate economic development."

The agreement covers key aspects of the gas pipeline project, including legislative and regulatory measures, establishment and operation, transit of natural gas, ownership, and general principles.

During a private meeting preceding the signing, the two leaders discussed crucial issues such as employment creation, food security, multilateral relations, and conflict resolution mechanisms on the continent.

"This agreement is a significant step forward in our efforts to promote economic integration and energy security in the Gulf of Guinea region," President Mbasogo said. "We look forward to working closely with Nigeria to bring this project to fruition."

The landmark agreement is expected to have far-reaching benefits for both nations, including increased energy security, job creation, and economic growth.