Lokpobiri Meets Afreximbank President, Oramah, over Planned Take-off of $5bn Energy Bank Pedges level playing ground for all oil sector players
Emmanuel Addeh in Abuja Minister of State for Petroleum Resources (Oil), Senator Heineken
Lokpobiri, has met with President of African Export-Import Bank (Afreximbank), Dr. Benedict Oramah, in furtherance of ongoing engage-
ments towards the commencement of operations by the Africa Energy Bank (AEB). AEB, a collaborative effort
between Afreximbank and African Petroleum Producers Organisation (APPO), is set to launch with an asset base of $5 billion, which is
projected to grow to $120 billion in five years. A statement by the minister’s spokesperson, Nneamaka Okafor,
said the take-off of the bank will mark a significant milestone in Continued on page 16
Ribadu to Canada: Go to Hell If You Can’t Respect Nigeria’s Military High Command... Page 36 Friday 14 February, 2025 Vol 30. No 10904. Price: N400
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We’re Battle-ready for ISWAP’s Threat, Southwest Govs Warn Terrorist Group Each state to appoint special advisors on security, establish joint surveillance monitoring Say Tinubu’s policies yielding results
Segun James Governors of South West states have declared their readiness to confront
the northern fundamentalist group, ISWAP, if and when the need arises. Rising from their meeting, yesterday, in Lagos, they said they had
agreed to appoint special advisors on security in each state and establish a joint surveillance monitoring team to oversee and coordinate security
efforts across the region. The forum also agreed to set up Food Inflation Joint Monitoring Team to foster inter-state collaboration and
to mitigate food inflation. The six Southwest governors, who met at the Lagos House, Ikeja, for crucial zonal concerns, discussed
the growth and development of the region. Continued on page 16
N’Assembly Passes N54.99trn 2025 Appropriation Bill Statutory transfers – N3,645,761,358,925 Recurrent expenditure – N13, 064,009,682,673 Capital expenditure – N23, 963,251,624,250 Debt servicing – N14,317, 142,689,548 Fiscal deficit - N13.08 trillion Additional N700bn to fund terminated US health sector support Story on page 16
SANWO-OLU HOSTS SOUTH WEST GOVERNORS' FORUM...
Governor of Ekiti State, Mr. Biodun Oyebanji; Group Managing Director, Oodua Investment Company Limited, Mr. Abdulrahman Yinusa; Governor of Oyo State, Engr. Seyi Makinde; Board Chairman, Oodua Investment Company Limited, Otunba Bimbo Ashiru; other Governors, Prince Dapo Abiodun (Ogun); the forum chairman, Mr. Babajide Sanwo-Olu (Lagos); Senator Ademola Adeleke (Osun) and Mr. Lucky Aiyedatiwa (Ondo) during the South West Governors zonal meeting at the Lagos House, Alausa, Ikeja ... yesterday