Nigeria chosen to host newly formed Africa Energy Bank

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Nigeria chosen to host newly formed Africa Energy Bank
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Africa’s top oil producer beat three rival countries for rights to the multilateral lender

Nigeria has been chosen to host the newly formed Africa Energy Bank , its oil minister said on Thursday, as .

Nigeria’s bid to host the AEB was strengthened in late May after it ratified the bank’s charter and President Bola Tinubu approved a $100-million investment to the bank, greater than the required $83.33-million for member states. “This decision reflects our collective ambition to create African solutions to African energy challenges,” Lokpobiri said.

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