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Islamic Development Bank To Support Nigeria On Economic, Social Infrastructure

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The Islamic Development Bank (IsDB) will continue to engage Nigeria on its strategic priorities areas such as economic and social infrastructure.

The President of the bank, Dr Muhammad Aljasseer made this known while briefing newsmen while visiting project sites in Kano State.

The president, who said that it was his first time visiting Nigeria or sub-saharan Africa, commended the Kano State Agro-Pastoral Development Project (KSADP) for meeting the expectations of the bank, which is the sponsor of the project whose objective is to reduce poverty by strengthening food security in Kano.

He said that the project funded by the bank and the Lives and Livelihood Funds (LLF), has contributed to poverty reduction and strengthened food and nutrition security in the state.

It is recalled IsDB has approved a total financing of 1.8 billion dollars for Nigeria.

He further said that 477 million dollars was in form of trade operations by its trade arm, the International Islamic Trade Finance Corporation (ITFC) and 90 million dollars from other funds and operations.

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