In a bid to drive economic growth in Nigeria, the Islamic Development Bank has sanctioned $1.8bn to finance several key projects in the country.
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, Zainab Ahmed, in Abuja on Monday.
Jasser disclosed that the Islamic Development Bank’s portfolio in Nigeria stood at $1.2bn, noting that the bank had completed 35 per cent of those projects and looked forward to strengthening the bilateral and regional initiatives with Nigeria.
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