Friday 26 February 2016

BUHARI WELCOMES IDB OFFER TO MOBILISE FUNDS FOR INVESTMENT IN NIGERIA

President Muhammadu Buhari on a meeting with Dr. Ali Ahmed had agreed to let the Islamic Development Bank (IDB) which
 are to 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 organize a financing roundtable in Abuja to mobilize funds for investment and development of infrastructure in Nigeria.

While welcoming the offer, President Buhari restated his government’s determination to revamp and diversify the Nigerian economy rapidly. He says “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, rehabilitate our infrastructure and develop domestic capacity to feed ourselves and export as quickly as possible.
The president also welcomed the plan by the IDB to fast track the take-off of the Bilingual Education Programme, aimed at integrating the Almajiri system of education with Western education in Nigeria. The IDB has already provided 98 million dollars for the Bilingual Education Programme in Adamawa, Gombe, Kaduna, Kano, Kwara, Nasarawa, Niger, Osun and Yobe states. The bank plans to support similar projects in other states of Nigeria

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