The Federal Government has concluded key legal and governance frameworks required for the operational rollout of the African Energy Bank as preparations for its official launch into the final phase.
This was disclosed during a high-level review meeting held in Abuja and hosted by the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, with the President of the African Export-Import Bank, Professor Benedict Oramah, and the Secretary General of the African Petroleum Producers Organisation, Omar Farouk Ibrahim, in attendance.
In a statement by the Special Assistant on Media and Communications to the Minister, Nneamaka Okafor, the meeting assessed progress on the bank’s establishment and confirmed that critical milestones had either been completed or were progressing on schedule. He expressed appreciation to President Bola Tinubu for his continued support and commitment to the project.
Lokpobiri noted that, beyond the completion of regulatory frameworks, discussions on capital mobilisation had also recorded encouraging commitments from both member nations and private investors, adding that Nigeria’s role as the host country for the bank reaffirmed its leadership position in Africa’s hydrocarbon sector.