African Energy Bank: Nigeria Wins Bid to Host the $5 Billion Financial Institution Headquater

Nigeria has won its bid to host the headquarters of the Africa Energy Bank (AEB).
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, disclosed this while speaking
to journalists after a virtual meeting of the council of ministers of the African Petroleum Producers
Organisation (APPO) on Thursday.
The government said Nigeria emerged as the preferred host nation amidst stiff competition from Ghana, Benin,
Algeria, South Africa, and Cote d’Ivoire. The selection, it said, highlights Nigeria’s robust energy sector and its strategic
vision for the continent’s energy future.
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