President Bola Tinubu has approved a $100 million investment for class A shares in the proposed African Energy Bank.
Announcing this in a statement signed, on Friday by the Permanent Secretary, Federal Ministry of Petroleum Resources, Nicholas Ella, the ministry said, “President Bola Tinubu has approved a $100m investment from four agencies of the Ministry of Petroleum Resources, exceeding the minimum equity requirement of $83.33m for class A shares.
“This decision positions Nigeria favorably to win the bid, potentially reshaping the country’s oil and gas ecosystem.”
