President Buhari to attend Malabo Summit Friday

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President Muhammadu Buhari will depart Abuja for Equatorial Guinea to participate in the 5th Gas Exporting Countries Forum (GECF) Summit in Malabo.

In a statement Senior Special Assistant to the President on Media and Publicity, Garba Shehu said after the summit, the President would head for Daura in Katsina State on a five-day official visit.

He noted that leaders of major gas-producing nations across the world including Algeria, Egypt, Equatorial Guinea, Libya, Bolivia, Iran, Qatar, Russia, Trinidad and Tobago, United Arab Emirates, Venezuela, Kazakhstan, and Norway will also be at the one-day summit.

These countries account for 70 per cent and 80 per cent of global gas reserves and production respectively.

“The idea of the GECF was first mooted in 2001 when the First Ministerial Meeting held in Tehran, Iran, while the First GECF otherwise called Gas Summit, took place in Doha, Qatar in 2011 with Nigeria represented at the highest level.

“Indeed, President Buhari had attended the Third Gas Summit in Tehran in November 2015. This Fifth Gas Summit in Malabo is the first time the biennial meeting will be hosted in Africa,” the statement read.

Shehu said the Nigerian delegation would also use the opportunity to discuss current trends in the global gas market, potential policies for the energy sector, and opportunities for collaboration.

He also added that the Malabo Declaration is expected to be adopted at the end of the summit.

President Buhari would be accompanied by the Minister of Foreign Affairs, Geoffrey Onyeama; Minister of State for Petroleum Resources, Timipre Sylva; Minister of Mines and Steel Development, Olamilekan Adegbite; and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari.




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