The bank, according to the government, is expected to facilitate access to funding for energy projects, thereby catalysing economic growth and enhancing energy security
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
Mr Lokpobiri emphasised that this initiative aligns with the broader objectives of the African Union's Agenda 2063, aiming for a prosperous and self-sustaining Africa. "This is a remarkable victory for Nigeria and the entire African continent. It symbolises our collective efforts to harness and develop our rich energy resources for a brighter, more sustainable future," Mr Lokpobiri said.
He highlighted the collaborative spirit of the APPO members and their shared vision for a united, energy-secured Africa. Speaking at the bidding exercise which took place at a dinner for the heads of mission of the envoys of members of APPO in Abuja at the time, President Bola Tinubu said hosting the bank in Nigeria will ensure proximity to opportunities essential for formulating and implementing effective solutions to Africa's energy challenges.
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