Buhari commends Islamic Bank's offer to develop Nigeria
President Muhammadu Buhari has welcomed an offer by the Islamic Development Bank, IDB, to organize a financing round-table in Abuja to mobilize more funds for investment and development of infrastructure in Nigeria.
The president of the IDB, Ahmed Ali, made the offer at a meeting with President Buhari, who is currently on an official visit to Saudi Arabia.
Ali assured Buhari that the IDB will work with its traditional partners such as the Saudi Fund, the Kuwait Fund, Arab Bank for Development in Africa and the Abu Dhabi Fund to increase the quantum of funding available to Nigeria. Welcoming the offer, Buhari restated his government's determination to revamp and diversify the Nigerian economy rapidly.
"The days of Nigeria as a big oil producer with plenty of money are gone. "We need all the support we can get to diversify our economy as quickly as possible.
"We also need to rehabilitate our infrastructure, develop the domestic capacity to feed ourselves and export the surplus," the president said. Buhari also welcomed IDB's plan to fast track the take-off of the Bilingual Education Program, aimed at integrating the Almajiri system of education with Western education in Nigeria.
The IDB had already provided $98million for the Bilingual Education Program in Adamawa, Gombe, Kaduna, Kano, Kwara, Nasarawa, Niger, Osun and Yobe States. The bank plans to support similar projects in other states of Nigeria.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Solomon Edoja Wahab Abayawo LABTOP Bayo Mohammed Onimode KFA Ibikunle Ogunleye Abubakar Imam Local Government Pension Board Ileloke Shehu Jimoh Tafida Of Kaiama A.G.F Abdulrasaq Hamid Bobboyi Afonja Abdulkarim Adisa Mohammed Khadijat Kubura Erubu Oba Zubair Kupchi Hosea Maxwell Bola Shagaya National Information Technology Development Agency Muazam Nayaya Zainab Abass Bolakale Saka Maigida Soludero Transit Olomu Bello Oyebanji Olatunji Ayeni Ghali Muhammed Special Agro-Industrial Hub Olokoba Share/Tsaragi Sulyman Atolagbe Alege Ahmad Ali Okin High School MAI Akande Zubair Folorunsho Erubu Habeeb Abdullahi Al-Ilory Ganmo Electricity Sub-Station Kwara Consultative Forum KwaraLearn Sunday Otokiti Abdulkadri Ahmad Alaiye Sobi Hill Folashade Omoniyi Arca Santa Tunde Idiagbon Road ANCOPPS Kwara State Printing And Publishing Corporation Yekeen Alabi Arik Jamila Bio Ibrahim Offa Metropolitan Club Abdulmumini AbdulRazaq Abdulkadir Bolakale Sakariyah Assayomo Mahmud Durosinlohun Atiku New Model Police Station Alikinla Abubakar Suleiman Idofin Eghe Igbinehin Azeez Salawu Mohammed Jimoh Faworaja MalHub Obayomi Azeez Akume Ibrahim Bio Rebecca Bake Waheed Ibrahim Bolakale Ayo Elections EndSARS Ayodele Shittu Twitter Vasolar Consortium Aliyu Kora-Sabi Abdulmalik Bashir Mopelola Risikatullahi