FG pledges to honour $5b African Energy Bank host Country Agreement

Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobri has pledged that Nigeria will honour the host country agreement for the $5billion African Energy Bank (AEB).

The African Petroleum Producers Organization (APPO) asked the Federal Government of Nigeria to honour the host countries agreement for the bank.

Nigeria won the hosting right for the $5billion Bank early July this year.

Lokpobri said while paying host to the APPO delegation in Abuja, that Nigeria is committed to honouring the host countries’ agreement, adding that Nigeria is also working tirelessly to beat the September ending deadline for the bank opening.

The minister said the country was working assiduously to fulfill all the issues the secretary general raised and promised to secure an appointment for the APPO boss to meet with President Bola Tinubu.

Earlier, the AEB, Secretary General, Umar Farouk Ibrahim, who led the delegation urged the minster to also prepare the headquarters for September end take-off, adding “There are two issues: one host country agreement. The second is the headquarters, preparing it.”

Ibrahim urged Nigeria to work hard to prove critics who were opposed to its hosting the headquarters wrong.

He also asked Nigeria to fulfill all the promises it made while seeking to host the bank’s headquarters.

AEB, Secretary General disclosed that other countries have started asking him when the bank is moving to the headquarters office in Nigeria.

Ibrahim said “I want to appeal to you and to the government to do everything you can to conform with what you have promised APPO, promised that informed the decision to give Nigeria the hosting right.

” Everybody is looking up to Nigeria, Ministers of other countries are asking me when are you moving, when are we starting?

As I am here today, I want to appeal to you help to keep the Nigeria name.”