The six-time African champions were eliminated by Cameroon in the qualifying rounds of the 2012 London Olympics. The Falcons lost 4-3 on penalties after aggregate scores stood at 3-3.
The Super Falcons are yet to lose to Cameroon at the AWC.
The first meeting between the two nations at full international level was when they clashed in a 1991 World Cup qualifier when Nigeria triumphed 6-0 on aggregate.
Nigeria again beat Cameroon in the final of 2004 AWC 5-0, before both countries met in 2010 edition in the semi final with Falcons victorious 5-1.
In today's match to be played at Nkoantoma-Bata, Cameroon, who eliminated the Black Queens of Ghana to reach the final, will rely on goal poacher Mihamle Iven Adrienne, as well as Ajara Nchout of Energy Voronezh, Jeanette Yango, Madeline Ngono and Francoise Bella to pock the three maximum points.
For his part, Coach Kadiri Ikhana will rely on tested campaigners led by Perpetua Nkwocha (Sunnana SK, Sweden), Stella Mbachu, Rita Chikwelu, Onome Ebi (Attesihir Belediyen, Turkey), Helen Ukaonu (Sunnana SK, Sweden) and Precious Dede.
They will be missing strikers Francisca Ordega and Desire Oparanozie, who have not been released by their new Russian club.
The Falcons have won this biennial competition a record six times and are eager to win at Equatorial Guinea where they failed in 2009.