The African Energy Bank (AEB) is an international multilateral organization that supports net-zero pledges, energy transition, and funding for Africa’s hydrocarbon resources.
Minister of State for Heineken Lokpobiri, Oil and Petroleum Resources
The bid to house the African Energy Bank’s, (AEB) headquarters has been won by Nigeria.
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AEB is an international multilateral organization that supports net-zero pledges, the energy transition, and the financing of Africa’s hydrocarbon resources.
This move is anticipated to transform Nigeria’s gas and oil sector and establish the nation as a major force in the continent’s energy market.
This was disclosed in Abuja on Thursday by Heineken Lokpobiri, the Minister of State for Petroleum Resources and Oil,
At a briefing for journalists following the Council of Ministers of African Petroleum, the bank is jointly promoted by Producers’ organizations, according to the organization, in addition to Afrexim Bank.
It is anticipated that Nigeria will gain a great deal from hosting the $5 billion Africa Energy Bank, including increased GDP,
Improved job prospects, strengthened financial transactions, building construction, and increased inclusion.
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