Nigeria, Angola, Côte d’Ivoire, Equatorial Guinea, South Africa, Ghana are among the seven members of African Petroleum Producers’ Organization, (APPO) bidding to host Africa Energy Bank.
Speaking on Tuesday in Abuja at the ongoing Nigeria International Energy Summit, Secretary General, APPO, Dr Ahmed Farouk, said the association would in March take the final decision on which country the Bank will be situated.
“Decision will be made on March 31, 2024, end of first quarter 2024 while delivery should happen at the end of the first half of 2024”, Farouk stated
In January 1987, eight (08) oil producing African countries (Algeria, Angola, Benin, Cameroon, Congo, Gabon, Libya, Nigeria, called the founding Members) met in Lagos to formally found the African Petroleum Producers’ Association (APPA).
The Headquarters of the Organization is in Brazzaville, Republic of Congo.
The Minister of Petroleum Resources, Oil, Senator Heineken Lokpobiri, said that other countries should be able to submit to Nigeria to have the bank headquarters in Nigeria adding that Nigeria had submitted to decision of other members’ state to have APPO headquarters located in Congo.
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Today, APPO’s membership has grown from eight (8) in 1987 to fifteen (15) (Algeria, Angola, Benin, Cameroon, Chad, Congo, DR Congo, Côte d’Ivoire, Egypt, Equatorial Guinea, Gabon, Libya, Niger, Nigeria and South Africa).
