Buhari strenghtens Islamic Bank ties

IDB President, Dr. Madani and President Buhari

Nigeria's President, Muhammadu Buhari, according to reports, in Abuja today said the Federal Government will deepen its partnership with the Islamic Development Bank (IDB) to fund critical projects in health, water and the infrastructure sector.

This was occasioned whilst receiving Dr. Ali Madani, President of the IDB Group at the State House, Abuja. The President commended the bank for supporting several developmental projects across the country.

He further acknowledged that the bank has funded several people-oriented projects in Osun, Kaduna, Jigawa, Niger, Katsina, Kano and Ebonyi states, demonstrating its “soft spot and robust support’’ for Nigeria.

‘‘We can’t thank you enough for the height you have achieved for the bank in 41 years. Now that you are about to retire, we thank you for the quality leadership which the world has recognized,’’ the President said.

The Presdent also expressed appreciation to the IDB Group and other countries for extending their assistance to Internally Displaced Persons (IDP) in the North-East.

The President assured the visiting IDB chief that Nigeria, a major financier of the bank, will meet all its obligations to the development institution within the shortest time possible.

The President highlighted efforts of the current administration at diversifying the economy with emphasis on agriculture and expressed strong optimism that Nigeria will achieve self-sufficiency in rice and sugar; and export both commodities in the next three years.

In his remarks, Dr Madani congratulated President Buhari on the positive outcomes of the war against corruption and terrorism.

He said the bank was ready to mobilize resources from Arab fund for developmental initiatives of the Nigerian government and the private sector, particularly on agriculture.