Nigeria is entering the final stage of launching the African Energy Bank (AEB), with the country playing a lead role in driving the landmark initiative.
At a high-level meeting in Abuja, Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, hosted Afreximbank President Prof. Benedict Oramah and APPO Secretary General Dr. Omar Farouk Ibrahim to review progress.
Lokpobiri affirmed that the AEB will become a game-changer for financing energy projects across the continent. "We've hit key milestones and are on schedule. Thanks to President Tinubu's support, Nigeria is set to make history as the host country," he said.
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Legal frameworks have been finalised and capital mobilisation is gaining momentum, with strong backing from member countries and private investors.
Dr. Ibrahim praised Nigeria's speed and commitment, while Prof. Oramah said Afreximbank is fully prepared to leverage its financial capacity and expertise to help the AEB attract global investment.
A launch timeline and inaugural board meeting have been confirmed and will be announced soon. The AEB aims to boost energy access, drive industrial growth, and deepen investment across Africa.
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