Nigeria Eyes $120bn Asset Base Expansion In Four Years

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Nigeria Eyes $120bn Asset Base Expansion In Four Years
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Minister of State, Petroleum Resources , Heineken Lokpobiri, on Channels Television’s May 29 Special programme on the first anniversary of President Bola TinubuNigeria is vying to become the headquarters of the Africa Energy Bank, and is set to launch an initial capital of $5bn, aimed at expanding its asset base to $120bn within four years.

Lokpobiri argued that fossil fuels remain essential, noting that developed countries continue to issue licenses for fossil fuel production while advising against their use in developing nations. In her address, the Chief Judge of Bayelsa State, Justice Matilda Abrakasa, highlighted the judiciary’s crucial role in society.

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