The Minister of State for Petroleum Resources Senator Heineken Lokpobiri, has called for support to establish an African Energy Bank (AEB), in Nigeria.
Lokpobiri, urged Heads of Mission, Africa Petroleum Producers Organisation (APPO), during a reception in Abuja, to support Nigeria in the bid to establish AEB in the capital city.
He said that Nigeria offers a strategic geographical location, robust infrastructure and a dynamic energy sector, which made it suitable for the project.
He explained that the establishment of the bank would represent a bold and strategic move toward ensuring energy security, fostering economic growth and promoting sustainable development across Africa.
According to him, Nigeria’s bid to host the headquarters of this pivotal institution is a testament to its unwavering commitment to the goals.
Lokpobiri also called on the Ministry of Foreign Affairs to campaign vigorously through its missions in APPO member countries, adding that their support was crucial to the success.
Amb. Nicholas Ella, Permanent Secretary, Ministry of Petroleum Resources, said that hosting the AEB would boost collaboration and provide a neutral and inclusive platform for African countries to come together and exchange ideas.
Ella said that it would also provide an opportunity for member countries to chart a collective path toward energy security and sustainable development.
Amb. Ibrahim Lamuwa, the Permanent Secretary, Ministry of Foreign Affairs, said that the establishment of the AEB by APPO members held the power to shape the trajectory of energy cooperation and development.