– Nigeria will be getting a 1.8 billion dollar from Islamic banking for
infrastructure development across the country
– Islamic bank has also revealed plans to build a bigger
headquarters in Nigeria and wants federal government help
– The Islamic Development Bank has 57 shareholding member
states, with Nigeria holding a 8.75 per cent equity
The Federal government of Nigeria will be getting $1.8 billion
(N786.60bn) from the Islamic Development Bank.
This was disclosed by the President of the Saudi-based bank, Dr
Mohamed Jasser, at a meeting with the Minister of Finance, Budget
and National Planning, Mrs Zainab Ahmed, in Abuja on Monday
According to the bank's president, the money will be used to execute
projects across the country.

Speaking on the loan, Jasser said:
“The Islamic Development Bank has approved a total financing of
$1.8bn for Nigeria.
“ This includes $971m in project financing and $288m provided by
our private sector affiliate and $477m in trade operation by our
trade arm, International Islamic Trade Finance Corporation, and
$90m by other Islamic Development Bank Group funds and
operations.”
According to the Punch, Jasser also revealed that the Islamic
Development Bank's portfolio in Nigeria stood at $1.2 billion, with the
bank having completed 35% of those projects and looking forward to
strengthening bilateral and regional initiatives with Nigeria.
He stated that the bank's portfolio included 15 federation states and
praised the Federal Government for its economic diversification
initiatives.
Jasser continued:
“The Islamic Development Bank will support Nigeria’s recovery
from COVID-19, including providing the necessary support to the
private sector to create jobs and revive economic growth.
He cited two key projects – Special Agro-Industrial Processing Zones
Program and the Nigeria-Morocco gas pipeline – noting that the bank
was aware of Nigeria’s potential and opportunities for the private
sector.
Request to build headquarter in Nigeria
ThisDay reports that Jasser also appealed to the minister to help the
bank get a piece of land where it could build in Abuja as the current
office was no longer enough for operations.
He said the bank had three active capacity-building programmes in
Nigeria, including one in the National Hajj Commission of Nigeria, to
support the country.
Buhari borrows over N10 billion daily in the last six years
Meanwhile, each Nigerian is a debtor, owing over N160,000 due to
the amount of loan borrowed by President Buhari since he came into
power after the presidential election in 2015.

https://www.legit.ng/business-economy/economy/1499806-islamic-bank-approves-18bn-loan-nigeria-seeks-land-build-headquarters-country/

https://leadership.ng/islamic-devt-bank-approves-1-8bn-financing-for-nigeria/

https://www.thisdaylive.com/index.php/2022/10/25/islamic-development-bank-approves-1-8bn-financing-for-nigeria/
mynd44 oam4j lalasticlala seun semid4lyfe dominique Briareos UjSizzle

good development Oya Bad bele over you

Sambisa forest is fine