Nigeria wins bid to host $5 billion Africa Energy Bank

SPECIAL REPORT: Katsina farmers lament impact of climate changeSPECIAL REPORT: Insecurity, other factors limit cashew farming in NigeriaThe global anti-corruption agenda and questions of compliance, By Umar YakubuReason for hope in the midst of Gwoza bombing, By Mike ArnoldSPECIAL REPORT: Katsina farmers lament impact of climate changeSPECIAL REPORT: Insecurity, other factors limit cashew farming in NigeriaThe global anti-corruption agenda and questions of compliance, By Umar YakubuReason for...

The bank, according to the government, is expected to facilitate access to funding for energy projects, thereby catalysing economic growth and enhancing energy security. “As the Minister for Petroleum Resources , 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.PREMIUM TIMES delivers fact-based journalism for Nigerians, by Nigerians — and our community of supporters, the readers who donate, make our work possible.

“We are committed to ensuring that this bank will not only move Nigeria forward but will also be a beacon of progress for the entire continent. Our goal is to foster sustainable energy solutions that are both innovative and inclusive,” he added. “Thank you to everyone who made this possible. Together, we are shaping the future of energy in Africa, starting right here in Nigeria,” he said.

AfreximBank has been supporting APPO to establish the bank and has approved an investment of $1.75 billion for the bank.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Nigerian govt bids to host $5 billion Africa energy bankHosting the bank in Nigeria, according to the government, will ensure proximity to key energy technocrats and experts, which is essential for formulating and implementing effective solutions to Africa's energy challenges
Источник: PremiumTimesng - 🏆 3. / 78 Прочитайте больше »

Nigeria targets energy bank hqtrs, lobbies 18 African producersNigeria has intensified its efforts to host the African Energy Bank (AEB) headquarters by lobbying 18 African oil producers under the African
Источник: GuardianNigeria - 🏆 1. / 94 Прочитайте больше »

Africa gas seeks advancement in energy landscapeThe Nation Newspaper Africa gas seeks advancement in energy landscape
Источник: TheNationNews - 🏆 6. / 69 Прочитайте больше »