Afreximbank to Invest $19bn in African Energy Bank

The Minister Of State For Petroleum Resources (Oil), Senator Heineken Lokpobiri Has Disclosed That The Afreximbank Would Invest $19 Billion To Fund The African Energy Bank.

The Minister Said The $19 Billion Would Go A Long Way Toward Tackling And Overcoming Energy Poverty Thus Driving Economic Growth And Improving The Lives Of Millions Of People.

 The Minister Disclosed At The Opening Ceremony Of The Nigerian Pavilion At The On-Going Offshore Technology Conference (Otc) In Houston, Texas, U.S That Pooling Resources Together Will Help African Countries Undertake Large-Scale Energy Projects.  The Minister Also Stressed The Need For Africa To Develop Cohesive Policies Tailored To Its Unique Circumstances, Warning That Fragmented Approaches Would Be Ineffective In Addressing The Escalating Energy Deficit