The Federal Government of Nigeria seeks support for the establishment of an African Energy Bank (AEB).
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, announced this during a reception in Abuja.
The establishment would represent a bold and strategic move toward ensuring energy security.
He urged the Heads of Mission, Africa Petroleum Producers Organisation (APPO), to support Nigeria in the establishment of AEB in Nigeria.
Lokpobiri emphasized that the establishment will fostering economic growth and promoting sustainable development across Africa.
“We have achieved significant milestones, including a comprehensive assessment by the APPO Afrexim-Bank Inspection Team. Its positive evaluation underscores Nigeria’s readiness and capability to host the AEB.”
He added that Nigeria has a strategic geographical location, robust infrastructure and a dynamic energy sector, which made it suitable for the project.
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