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Niger ia has intensified its efforts to host the African Energy Bank headquarters as the country is lobbying 18 African oil producers under the African Petroleum Producers Organisation .
Amid the dwindling funding crisis for fossil fuels, Lokpobiri described the bank as a precipice of a transformative opportunity, one that holds immense promise, not only for Nigeria but for the entire African continent. He noted that Nigeria offers a strategic geographical location, robust infrastructure, and a dynamic energy sector, positioning it as an ideal host for the AEB, adding that the country is committed to fostering a collaborative environment that would enable the AEB to thrive and achieve its mandate effectively.
While Nigerians’ spending on food and beverage imports rose by 31.4 per cent on a year-on-year basis in quarter one , the value declined by 24.4 per cent in dollar terms, analysis of the foreign trade data has shown.The aggregate Value Added Tax collection stood at N1.43 trillion in Q1 2024, according to the VAT Q1 2024 Report released by the National Bureau of Statistics yesterday.
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