Monday, 22 August 2016

The Minister Of Finance Has Called On The Islamic Development Bank To Support Nigeria

Finance Minister seeks Islamic Bank's support
The Minister of Finance, Mrs Kemi Adeosun has called on the Islamic Development Bank (IDB) to support Nigeria in rebuilding the North Eastern part of the country ravaged by Boko Haram.
The report disclosed that, she made the appeal on Monday in Abuja during the inauguration of the IDB Country Gateway office.
According to her, Nigeria was striving towards attaining the Sustainable Development Goals (SDGs) and would welcome the IDB’s support to achieve them.
“I call on the IDB Group to work with development partners in operationalising the recovery and peace building assessment and implementation of the recently constituted June 2016 Buhari plan for the revitalisation of the North-East.
Furthermore,  this entails addressing aspects of interventions relating to peace building, stability and social cohesion.
 To support critical productive infrastructure and service delivery and provide capacity building and programme management support in national, state and local government institutions.’’
She enjoined the Bank to scale up its concessional resources and increase its overall financing to Nigeria and other African member countries.
She explained 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.
Moreover, the IDB president, Dr Ahmad Ali, posited that the bank would give Nigeria its utmost support in alignment with the nation’s development priorities.
According to him, 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.
“This determination would go a long way in fast tracking the implementation of development programmes in Nigeria.
He stressed that,  the IDB group considers the education sector and particularly bilingual education among its priority areas in Nigeria and a key tool to counter extremism.
He explained that  the bank would also focus on health, agriculture, infrastructure, small and medium enterprises and regional integration.
According to him, the establishment of the country gateway office would enable the group to be more service-centric and closer to the Nigerian clients in both public and private sectors.

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