IsDB Reiterates Commitment to Nigeria’s Development

Addressing an official ceremony hosted by President Muhammadu Buhari, launching the Special Agro-Industrial Processing Zone (SAPZ) Program, Islamic Development Bank (IsDB) President and Group Chairman Dr. Muhammad Al Jasser reiterated the commitment of the IsDB Group to supporting the country in achieving its development aspirations and implementing its future national development plans.

He then explained that IsDB Group’s involvement in Nigeria has focused on various sectors, especially agriculture which is the backbone of the economy in most IsDB member countries. Dr. Al Jasser thanked the Government of Nigeria and other major development partners, including the African Development Bank (AfDB) Group and the U.N. International Fund for Agricultural Development (IFAD). They stood by the IsDB Group in making SAPZ a reality.  

NIPC Receives Offer Of Collaboration From IsDB to Improve Investments 

The Nigeria Investment Promotion Commission received an offer of collaboration from the Islamic Development Bank, IsDB, to unlock the nation’s investment potential and attract more foreign capital inflows into the country.

The agreement further stated that both organizations would organize joint meetings, calls and correspondence to deepen knowledge and understanding and host other IsDB member countries in exchange programs.

IsDB, AFDB Partner to Scale Support for Agriculture, Health, and Energy in Africa

On the sidelines of the official visit of the President of the Islamic Development Bank, Dr. Muhammad Al Jasser, his counterpart in the African Development Bank, Dr. Akinwunmi Adesina, received and hosted him at a crucial meeting.

The meeting explored ways in which the 27 common member countries of both IsDB and AfDB can receive significant support in sanitation, access to clean water, health, agriculture, energy and climate financing, amongst others.

IsDB Approves US$1.8bn to F.G. for Financing of Key Infrastructure Projects

The Islamic Development announced the approval of US$1.8bn for Nigeria to support the financing of key infrastructure projects in the country.

This was part of the developments when the President of IsDB, Dr. Muhammad Al-Jasser, visited Nigeria last week to engage critical policymakers and industry stakeholders. 

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