Nigeria to Leverage $1bn APPO Fund to Grow Oil Output - Buhari

12 December 2019

President Muhammadu Buhari, Wednesday, disclosed that Nigeria would join other African oil and gas producing countries in accessing the $1 billion African Energy Investment Corporation, AEICORP, fund, promoted by the African Petroleum Producers Organisation, APPO, to increase its crude oil reserves and finance the exploration of crude oil and gas.

This was even as Dr. Omar Farouk Ibrahim, a Nigerian and former spokesperson of the Nigerian National Petroleum Corporation, NNPC, emerged the incoming Secretary-General of APPO.

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