Nigeria to host African Energy Bank headquarters

By Esther Agbo

Nigeria has been designated as the host country for the headquarters of the African Energy Bank (AEB), a pivotal institution aimed at spearheading energy financing and development initiatives across Africa. The decision highlights Nigeria’s prominent role and steadfast commitment to advancing the energy sector on the continent.

The Minister for Petroleum Resources, Sen. Heineken Lokpobiri, made the announcement today via his official handle on X (formerly Twitter), he expressed profound pride in Nigeria’s selection, citing it as a testament to the nation’s leadership and dedication within the energy domain.

The AEB is poised to serve as a linchpin for funding and catalysing innovative and sustainable energy projects, thereby fostering economic growth throughout Africa.

The statement read, “I am delighted to share that Nigeria has been selected to host the headquarters of the African Energy Bank! This prestigious honour is a testament to our country’s leadership and commitment in the energy sector.

“As the Minister for Petroleum Resources[Oil], I am incredibly proud of this achievement. The African Energy Bank will be a cornerstone for financing and advancing energy projects across Africa, promoting innovation, sustainability, and economic growth.

“This is a remarkable victory for Nigeria and the entire African continent. It symbolises our collective efforts to harness and develop our rich energy resources for a brighter, more sustainable future.”

The Minister extended gratitude to all stakeholders whose efforts contributed to securing Nigeria’s hosting rights, emphasising that the journey towards shaping the future of energy in Africa begins with this momentous milestone.

With preparations underway for the establishment of the AEB headquarters, Nigeria stands to play a pivotal role in driving energy innovation and sustainability across the continent, heralding a new era of progress and prosperity in Africa’s energy landscape.