President Muhammadu Buhari has said that the Joint Development Agreement between Nigeria and Sao Tome & Principe requires urgent review in order to made it run more efficiently.
Buhari spoke at a meeting with the Prime Minister of Sao Tome & Principe, Patrice Emery Trovoada, Wednesday in Abuja.
Against the backdrop of security challenges in the axis, the Nigerian President said that the two countries also need to intensify their collaborative efforts with others to curtail piracy and insecurity in the Gulf of Guinea.
The President said that with their shared strategic interest in the security of the Gulf of Guinea, Nigeria and Sao Tome & Principe must work harder with other stakeholders to keep it safe.
President Buhari noted that pirates who take advantage of the present low level of security in the gulf were causing incalculable damage to the economies of countries in the region.
He therefore assured the visiting Prime Minister that Nigeria will do all within its powers to enhance security in the Gulf.
The Prime Minister told President Buhari that his country will welcome a meeting next year to review the management of the Joint Development Authority.