Nigeria has been selected to host the headquarters of the African Energy Bank, according to the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri.
The minister made the announcement on Thursday via his official X handle, emphasizing that this choice underscores Nigeria’s leadership and commitment to the energy sector.
“I am delighted to share that Nigeria has been selected to host the headquarters of the African Energy Bank! This prestigious honor is a testament to our country’s leadership and commitment to the energy sector,” Lokpobiri stated.
He highlighted that the African Energy Bank will play a crucial role in financing and advancing energy projects across Africa, promoting innovation, sustainability, and economic growth.
“As the Minister for Petroleum Resources (Oil), I am incredibly proud of this achievement. The African Energy Bank will be a cornerstone for financing and advancing energy projects across Africa, promoting innovation, sustainability, and economic growth.
“This is a remarkable victory for Nigeria and the entire African continent. It symbolizes our collective efforts to harness and develop our rich energy resources for a brighter, more sustainable future,” he added.
As of April 2024, Nigeria is the largest crude oil producer in Africa, with a production rate of 1.28 million barrels per day.
