The African Petroleum Producers Organisation (APPO) has re-elected Nigeria's Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, as president of the organization for two consecutive years.
According to a statement from the Ministry of Petroleum Resources and signed by the Deputy Director of press at the ministry, Olujimi Oyetomi, Africa's oil producers will be looking up to Nigeria's Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, to help them attract as much as $1 billion they intend to invest in building energy infrastructure across the continent.
The statement noted that the decision of the organisation was to allow Kachikwu conclude the ongoing reforms and restructuring he initiated. Kachikwu's reelection was done at the 36th ordinary session of the Council of Ministers of the APPO in Malabo, Equatorial Guinea. The session had in attendance APPO ministers from 13 member countries namely, Algeria, Angola, Benin, Cameroon, Congo, Chad, Côte d'Ivoire, Egypt, Equatorial Guinea, Gabon, Libya, Niger, and Nigeria.
It explained that in addition to reforming APPO, Kachikwu was also mandated to reform and recapitalise the Cotonou-based APPO Fund for Technical Development, adding that he submitted far-reaching proposals to the ministerial council in this regard and it was approved for implementation.