Nigeria bids to host $5 billion Africa Energy Bank Headquarters in Abuja

The federal government through its petroleum ministry is bidding to host the headquarters of the newly established $5 billion Africa Energy Bank (AEB) in Abuja, the federal capital territory.

The campaign for the headquarters to be in Abuja was led by heads of ministries of petroleum resources to the 18 countries members of the African Petroleum Producers Organization (APPO).

The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, on Monday, appealed to the members to vote for Nigeria as the headquarters of the financial institution during the bidding rounds in Abuja.

According to Lokpobiri, Nigeria is the leading country when it comes to the oil and gas sector, with an oil reserves of over 37 billion barrels.

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