The Independent Petroleum Producers Group (IPPG) has extended its heartfelt congratulations to the Federal Government of Nigeria for the country’s selection as the host of the African Energy Bank (AEB) Headquarters.
This significant honour highlights Nigeria’s leadership and strong commitment to advancing Africa’s energy goals.
In a statement signed by Abdulrazaq Isa (OFR) Chairman, Independent Petroleum Producers Group (IPPG), the said, “This landmark achievement underscores Nigeria’s leading role in fostering regional integration and progress.”
“The decision to host the Headquarters of the AEB in Nigeria is a further acknowledgment of the country’s position as the continent’s leading hydrocarbon resource holder and human capital base in the energy sector. It also demonstrates the robustness and highly advanced nature of Nigeria’s financial services sector.”
The African Energy Bank is poised to provide a solid foundation for financing and advancing energy projects across the continent. This initiative will enable the development of critical infrastructure and innovative technologies in the energy sector, promoting sustainability, driving economic growth, and industrialisation.
It is expected to create massive job opportunities and ultimately contribute to a prosperous and sustainable future for the entire continent.
IPPG’s strong advocacy for situating the AEB Headquarters in Nigeria was based on the immeasurable benefits it would bring to the development of the oil and gas industry and, ultimately, the Nigerian economy, especially at a time when the nation is grappling with an energy crisis.
“We commend President Bola Ahmed Tinubu, GCFR, 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,” Isa added.
Special recognition was also given to Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), for passionately and vigorously championing the realisation of this significant milestone.
His relentless commitment to ensuring Nigeria hosted the AEB’s Headquarters has been extraordinary.
“We equally acknowledge the efforts of the entire government, its agencies in the energy sector, and all stakeholders whose collective hard work and dedication have made this remarkable victory possible,” Isa continued.
This achievement is not just a victory for Nigerians but for the entire African continent. It symbolises our collective efforts to build a prosperous and sustainable energy future for Africa, enabling 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 concluded.