The Independent Petroleum Producers Group (IPPG) says Nigeria’s selection as the host of the African Energy Bank (AEB) headquarters highlights Nigeria’s leadership and strong commitment to advancing Africa’s energy goals.
The IPPG also congratulated the Federal Government on the momentous occasion of Nigeria being selected as the host of the headquarters of the African Energy Bank.
The IPPG Chairman, Abdulrazaq Isa, made this known on Saturday, July 6, 2024, while congratulating Nigeria on the feat.
He said: “This significant honour highlights Nigeria’s leadership and strong commitment to advancing Africa’s energy goals.
“This landmark achievement also underscores Nigeria’s leading role over the years in fostering regional integration and progress.
“Not only is this decision to host the Headquarters of the AEB in Nigeria a further acknowledgement of Nigeria’s position as the continent’s leading hydrocarbon resource holder and human capital base in the energy sector.”
He said that the country’s selection also demonstrated the robustness and highly advanced nature of the country’s financial services sector.
“The AEB will provide a solid foundation for financing and advancing energy projects across the continent, enabling the development of critical infrastructure and innovative technologies in the energy sector,” Isa said.
He said the initiative would not only promote sustainability but also drive economic growth and industrialisation.
Isa said that the initiative would create massive job opportunities and ultimately contribute to a prosperous and sustainable future for the entire continent.
He said IPPG’s strong advocacy for the siting of the headquarters of the bank in Nigeria was premised on the immeasurable benefits it would bring to the sector’s development, particularly at a time when the nation is grappling with an energy crisis.
He commended President Bola Tinubu for his visionary leadership and dedication to the development of Nigeria’s energy sector.
“His administration’s proactive and strategic efforts have played a crucial role in securing this notable achievement.
“Special recognition also goes to Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), who passionately and vigorously championed the realisation of this significant milestone.
“His relentless commitment in ensuring Nigeria hosted the AEB’s Headquarter has simply been extraordinary.
“This achievement will enable the continent to look inward and deepen collaboration in charting a course for meeting its energy needs.
“IPPG is extremely delighted by this news and looks forward to partnering with the AEB in ensuring affordable energy, enhancing energy security and lowering the continent’s carbon footprint,” Isa added.
By Emmanuella Anokam
