FG Urges Islamic Development Bank To Support The Rebuilding Of The North East


Nigeria’s Finance Minister  Mrs Kemi Adeosun, has urged the Islamic Development Bank to play a bigger role in rebuilding the northeast of the country devastated by Boko Haram insurgency.

Adeosun said that Nigeria was striving towards attaining the Sustainable Development Goals and would welcome the Bank’s support to achieve them.

She said:

 “I call on the IDB Group to work with development partners in operationalising the recovery and peacebuilding assessment and implementation of the recently constituted June 2016 Buhari plan for the revitalisation of the North-East.”

“This entails addressing aspects of interventions relating to peace building, stability and social cohesion.”

“Also, to support critical productive infrastructure and service delivery and provide capacity building and programme management support in national, state and local government institutions.”

Adeosun enjoined the Bank to scale up its concessional resources and increase its overall financing to Nigeria and other African member countries.

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Speaking at the inauguration of the Islamic Development Bank Country Gateway office in Abuja, Adeosun said that the new office would further enhance focus on implementation and decentralisation of activities for speedy completion of projects and better impact of development intervention.

The IDB president, Dr Ahmad Ali, said that the bank would give Nigeria its utmost support in alignment with the nation’s development priorities.

He said that the nation’s exemplary leadership and drive for national development, through good governance and zero tolerance for corruption, was an inspiration to the group and other development partners.

He said:

“This determination would go a long way in fast tracking the implementation of development programmes in Nigeria.”

“The IDB group considers the education sector and particularly bilingual education among its priority areas in Nigeria and a key tool to counter extremism.”

Ali said that the bank would also focus on health, agriculture, infrastructure, small and medium enterprises and regional integration.

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The IDB is a multilateral development financing institution established in 1975 in Saudi Arabia with Nigeria as becoming a member in 2005.