The African Energy Bank Will be Built in Abuja

Nigeria emerged as the preferred host nation amidst stiff competition from Ghana, Benin, Algeria, South Africa, and Côte d’Ivoire. The Minister of State for Petroleum Resources, Heineken Lokpobiri, disclosed this while speaking to journalists after a virtual meeting of the council of ministers of the African Petroleum Producers Organisation this week. The African Energy Bank will be a cornerstone for financing and advancing energy projects across Africa, promoting innovation, sustainability, and economic growth. He stressed that the development is a remarkable victory for Nigeria and the entire African continent.

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