- Nigeria’s policymakers still confident that the country will become the host of the continent’s Africa Energy Bank.
- Ghana has emerged as the favourite, having met most of the criteria.
Some of Nigeria’s policymakers are still confident that the country will become the host of the continent’s latest multilateral institution, Africa Energy Bank. On the contrary, Ghana has emerged as the favourite, having met most of the criteria set by the committee in charge of taking the decision, say insiders.
Nigeria has conceded the APPO headquarters to the Republic of Congo and lost the bid for the AfCFTA secretariat to Ghana, contributing to Africa’s largest oil producer’s failure to secure hosting multilateral institutions.
Nigeria’s minister of state for Petroleum Resources (Oil), Heineken Lokpobiri, says, “We have made concessions to other countries before. African Petroleum Producers Organization (APPO) headquarters would have been in Nigeria, but former president Muhammadu Buhari conceded to the Republic of Congo. Other countries will pay us back by saying that Nigeria has conceded, so let them concede to us this time around.”