Nigeria to deepen ties with Islamic development bank
Written by Morenike Adebayo on August 23, 2016
President Muhammadu Buharisays the federal government will deepen its partnership with the Islamic Development Bank (IDB) to fund critical projects. At a meeting with the President of the IDB Group, Dr. Ali Madani in Abuja on Monday, President Buhari commended the bank for supporting several developmental projects in Nigeria.
He said Nigeria will be looking to partner further with the bank in health, water and the infrastructure development.The President acknowledged that the bank has funded several people-oriented projects in Osun, Kaduna, Jigawa, Niger, Katsina, Kano and Ebonyi states, demonstrating its soft spot and robust support for Nigeria.
He further also expressed appreciation to the IDB Group and other countries for extending their assistance to Internally Displaced Persons in the northeast.The President assured the visiting IDB chief that Nigeria, a major financier of the bank, will meet all its obligations to the development institution within the shortest time possible.
The IDB boss congratulated President Buhari on the positive outcomes of the war against corruption and terrorism. He said the bank is ready to mobilize resources from Arab fund for developmental initiatives of the Nigerian government and the private sector, particularly on agriculture.