Nigeria urges IsDB to support implementation of ERGP


FEDERAL Government
has urged the Islamic
Development Bank
(IsDB) to do more for
Nigeria by supporting
the implementation of
the country’s Economic
Recovery and Growth Plan
(ERGP) and the delivery
of signature infrastructure
to meet the development
aspirations of Nigerians.
The call was made by
the representative of the
Minister of Finance, Mrs
Kemi Adeosun to the 42nd
annual meeting of the Bank
and Permanent Secretary,
Federal Ministry of Finance,
Dr. Mahmoud Isa-Dutse,
who made a presentation as
Nigeria’s Governor on the
Board of the Bank during
its key business session in
Jeddah, Saudi Arabia.
“We want IsDB to be more
visible and deliver signature
infrastructure projects in
Nigeria. We appreciate
their intervention in the
water supply, health and
education sectors in a
number of our States, but
we want IsDB to do more,”
he emphadised.
He continued: “Also,
given IsDB’s unique role
as Islamic Bank with
multiplicity of intervention
instruments not available
to traditional development
banks, we expect IDB
to be bold and work
collaboratively with other
MDBs to ensure overall
complementarity in all
development interventions
in Nigeria.”
He expressed Nigeria’s
appreciation to IsDB for
consistently supporting
Nigeria’s economic and
development aspirations,
and for upgrading the
Nigerian office to a
regional hub, which will
be responsible for other
countries in West and
Central Africa.
The Permanent Secretary
reiterated Nigeria’s call
on IsDB, to increase its
financial and technical
assistance to Nigeria to fast
track the achievement of her numerous economic,
developmental and
inclusive growth goals.
Dr. Isa-Dutse noted
that Nigeria has derived
many benefits from its
membership of the Islamic
Development Bank (IsDB),
which has financed many
development projects
in various States of the
He cited the US$65
million Ilesha Water Supply
and Sanitation project in
Osun State, a US$43 million
300-bed hospital project in
Kaduna State and the US$7
million Zaria Water Supply
Expansion Project as some
of the ongoing projects
being financed by soft loans
from the Bank.
He stated that the
National Programme for
Food Security funded
by the Bank, which was
designed to reduce rural
poverty through enhancing
farmers’ access to extension
advisory support for
greater productivity, was
successfully implemented
in Anambra, Gombe and
Yobe States.
The Permanent Secretary
said that discussions were
on-going with the Bank
to conclude, sign and
implement several other
programmes beneficial
to Nigeria, including the
US$98 million Bilingual
Education Project which
will provide “almajirai”
access to basic education
and vocational skills in
Osun, Nasarawa, Niger,
Kwara and Kano States.
Other States in the scheme
are Kaduna, Gombe, Borno
and Adamawa.
He stated that in addition
to approving loan facilities
to Nigeria, the IsDB has
made several grants
and provided technical
assistance to Nigeria,
including a US$237, 500 to
the Central Bank of Nigeria
for the development of
regulatory framework for
non-interest banking in
the country and a US$250,
000 grant to the National
Emergency Management
Agency for the development
of NEMA’s capacity in
disaster management.

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