Finance Minister seeks Islamic Bank’s support to rebuild North-East

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.

She made the appeal on Monday in Abuja during the inauguration of the IDB Country Gateway office.

Adeosun said that 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.

“This entails addressing aspects of interventions relating to peace building, stability and social cohesion.

“Also, to support critical productive infrastructure and service delivery and provide capacity building and programme management support in national, state and local government institutions.’’

Adeosun enjoined the Bank to scale up its concessional resources and increase its overall financing to Nigeria and other African member countries.

She said 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.

The IDB president, Dr Ahmad Ali, said that the bank would give Nigeria its utmost support in alignment with the nation’s development priorities.

He said that 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.

“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 said.

Ali said that the bank would also focus on health, agriculture, infrastructure, small and medium enterprises and regional integration.

He added that 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.

The IDB is a multilateral development financing institution established in 1975 in Saudi Arabia and Nigeria became its 56th member country in 2005.

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