• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

  • Fact-Check
  • Economy
    • Customs Partners US Mission to Prevent Expanded Visa Ban

      Nigeria Customs Partners China on Smarter Ports, Officer Training, Reforms

      Comptroller General Nigerian Customs Bashir Adewale

      Customs Moves Against 223 Importers in N379bn Permit Breach

      Bashir Adewale Adeniyi Customs Boss

      How Customs is Tightening Borders to Stop Illicit Cash Flows –…

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Codeine, Tramadol Worth ₦20.5bn Seized as Customs-NAFDAC Cooperation Deepens

  • National
    • NNPCL Controversy: Arewa Economic Forum Raises Alarm as EFCC, DSS Refute…

      IPI Nigeria Demands Immediate Reopening of Badegi FM, Threatens to List…

      Tinubu’s Greek gift by Festus Adedayo

      NDLEA Logo

      NDLEA Intercepts Cocaine, Tramadol Hidden in Vehicle Side Mirrors, Arrests Multiple…

      ICPC Boss, Musa Adamu and CG Customs, Bashir Adeniyi during his courtesy visit to ICPC office in Abuja

      Customs, ICPC Partner to Curb Smuggling, Boost Revenue Through Transparent Enforcement

    • Government
      • NNPCL Controversy: Arewa Economic Forum Raises Alarm as EFCC, DSS Refute…

        IPI Nigeria Demands Immediate Reopening of Badegi FM, Threatens to List…

        Group Chief Executive Officer (GCEO), Bayo Ojulari

        Purported Resignation: Who are after NNPC Boss Bashir Ojulari

        The Paramount Ruler of Oka-Akoko, His Imperial Majesty Oba (Dr) Yusuf Adebori Adeleye, OON, the Olubaka of Oka

        Olubaka of Oka Praises Foundation for “Best Oka Day” Festival

        Dr. Emmanuel Ojukwu and representatives at NIPR FCT the meeting

        NIPR FCT Chapter Focuses on Crisis Communication and Professionalism

  • Security
    • Troops Kill 3 Terrorists in Borno, Recover Weapons, Motorcycles

      NDLEA Logo

      NDLEA Intercepts Cocaine, Tramadol Hidden in Vehicle Side Mirrors, Arrests Multiple…

      ICPC Boss, Musa Adamu and CG Customs, Bashir Adeniyi during his courtesy visit to ICPC office in Abuja

      Customs, ICPC Partner to Curb Smuggling, Boost Revenue Through Transparent Enforcement

      Police Spokesperson Muyiwa Adejobi Promoted to DCP

      After ₦250m Ransom Demand, Security Guard Arrested for Murder of Caregiver,…

  • Features
    • NNPCL Controversy: Arewa Economic Forum Raises Alarm as EFCC, DSS Refute…

      Tinubu’s Greek gift by Festus Adedayo

      CG Customs Bashir Adewale Adeniyi

      Customs Just Wrote Nigeria’s Energy Rulebook

      Okello Oculi

      Okello Oculi: A Pan-Africanist Asteroid Burns out Forever By Is’haq Modibbo…

      Leon Usigbe

      Death, you can’t be Proud of this By Abdulrahman Abdulraheem 

  • State
    • Troops Kill 3 Terrorists in Borno, Recover Weapons, Motorcycles

      After ₦250m Ransom Demand, Security Guard Arrested for Murder of Caregiver,…

      court Judiciary

      Lawyer Sues Housing Ministry, FHA Over Alleged Property Redesign

      Army Commander keeps 100 students in school

      Army Commander’s Compassion Keeps 100 Students in School in Zamfara

      Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, receiving the land document from Governor Pastor Umo Bassey Eno in Akwa Ibom

      Akwa Ibom Boosts National Security with Land Donation for Nigerian Air…

  • Event
    • D'Tigress Basketball team

      Will Presidential Gifts Follow as Nigerian Female Basketballers D’Tigress Reach 5th…

      The Paramount Ruler of Oka-Akoko, His Imperial Majesty Oba (Dr) Yusuf Adebori Adeleye, OON, the Olubaka of Oka

      Olubaka of Oka Praises Foundation for “Best Oka Day” Festival

      court Judiciary

      Lawyer Sues Housing Ministry, FHA Over Alleged Property Redesign

      Sam Obi Sponsors 500 students

      Sam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ’s Education Program

      Comptroller General Customs Bashir Adewale and his staffs with the representatives of the European Union, the German Embassy

      Customs Unveils Renewable Energy Handbook, Strengthens EU-Germany-GIZ Partnership

    • PR Nigeria Award
  • E-Paper
Home Economy Islamic Development Bank Earmarks $2.12b to Member Countries for Developmental Projects
  • Economy

Islamic Development Bank Earmarks $2.12b to Member Countries for Developmental Projects

By
Prnigeria
-
December 11, 2023
Islamic Development Bank, IsDB

Islamic Development Bank Earmarks $2.12b to Member Countries for Developmental Projects

The management of the Islamic Development Bank (IsDB), has approved US$ 2.12 billion to finance new development projects in member countries.

The approval was made at the353rd board meeting, which was chaired by IsDB President and Group Chairman, H.E. Dr. Muhammad Al Jasser.

The 16 projects are meant to support socio-economic development and promote sustainability in member countries in key strategic sectors such as transport, energy, health and education, in addition to youth development/entrepreneurship-employment.

The President highlighted the significance of the approved projects, and their transformative impacts on improving transportation, health, education, and energy, as well as fostering regional economic integration.

Dr. Al Jasser told the Board members that IsDB is working to deepen the Sukuk (Islamic bonds) market to enable the Bank to finance more projects, be they green, sustainability, or ordinary Sukuk.

PRNigeria reports that top among the approvals is IsDB’s EUR 803.3 million (US$ 845.57 million) financing to Indonesia to contribute to “Strengthening Indonesia’s Health Care Referral Network Project”. The objective of the project is to enhance the physical and service capacity of the health referral system in Indonesia, ensuring that everyone has equal access to quality healthcare services in all districts, cities, and provinces.

The IsDB Board also approved financing of EUR 187.84 million (US$ 204.00 million) to Morocco for the “Construction of Guercif-Nador Highway Project” in the Kingdom of Morocco.

Read Also:

  • NNPCL Controversy: Arewa Economic Forum Raises Alarm as EFCC, DSS Refute Claims
  • IPI Nigeria Demands Immediate Reopening of Badegi FM, Threatens to List Governor Bago in Black Book
  • Tinubu’s Greek gift by Festus Adedayo

The project aims to contribute to improving the connectivity of the Oriental region and the Nador West Med port complex by completing the construction 104 km of highway including 17 bridges and 53 flyovers by 2029.

Also, among the key approved projects are IsDB’s financing contribution of EUR 136.86 million (US$ 144.00 million) to Burkina Faso and US$ 106 Million to Uganda to improve the living environment of the populations and support the transport sector in the two beneficiary countries.

Other development projects approved by the board included  EUR 55 million (US$ 58.0 million) to the Republic of Mali to help enhancing the country’s electricity transmission grid via modernization and expanding of the high voltage transmission infrastructure; Euro 64.30 million (US$ 70.0 million) for the Republic of Chad and EUR 25.24 million (US$ 27.13 million) to the Republic of Togo to support the higher education sector in these two African member countries and US$ 16.90 million in slums Upgrading and Integrated Urban Development Project in Bouloas, Djibouti to improve the livelihoods of people living in slum areas through developing basic economic infrastructure.

Others are: US$ 79 million to improve access to affordable, resilient, and energy-efficient housing for the underserved population, as well as to support the Shariah mortgage development in the Kyrgyz Republic; US$ 40.00 million to contribute towards supporting sustainable and green economic transformation of the Maldivian economy through improved access to Islamic finance while embracing social and environmental responsibilities; US$ 200 million to deliver beneficiary‐driven, multi‐hazard resilient, reconstruction of core housing units to the populace affected by the 2022 floods in Sindh province in Pakistan and US$27 million to improve the quality of life of the people living along the project road as well as contribute to the development of the international transit traffic potential of Tajikistan.

The IsDB Board also approved US$ 300 million in financing for two projects for Türkiye earthquake-affected areas:

By PRNigeria

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • IsDB
  • Islamic Development Bank
  • Projects
Previous articleLagbaja, Musa, Zulum, Others Welcome Tinubu to Maiduguri for Army Chief Conference
Next articleBetween the Dutch Rider and the Policemen
Prnigeria
Prnigeria

RELATED ARTICLESMORE FROM AUTHOR

IPI Nigeria Demands Immediate Reopening of Badegi FM, Threatens to List Governor Bago in Black Book

Troops Kill 3 Terrorists in Borno, Recover Weapons, Motorcycles

NDLEA Logo

NDLEA Intercepts Cocaine, Tramadol Hidden in Vehicle Side Mirrors, Arrests Multiple Suspects Nationwide

Group Chief Executive Officer (GCEO), Bayo Ojulari

Purported Resignation: Who are after NNPC Boss Bashir Ojulari

D'Tigress Basketball team

Will Presidential Gifts Follow as Nigerian Female Basketballers D’Tigress Reach 5th Consecutive AfroBasket Final?

After ₦250m Ransom Demand, Security Guard Arrested for Murder of Caregiver, Toddler in Abuja School

The Director of Defence Media Operations, Major-General Markus Kangye,

Troops Eliminate Dozens of Terrorists, Arrest 578 Suspects in July Operations

Bashir Adewale Adeniyi Customs Boss

JUST IN: Tinubu Extends Tenure of Customs CG Bashir Adeniyi

AI-generated disinformation looms ahead of Nigeria’s 2027 elections

PRNigeria Fact Check: Does Delayed Baby Umbilical Cord Clamping Have Health Benefits? 

Customs Partners US Mission to Prevent Expanded Visa Ban

Department of State Security Service DSS

Army, DSS-Backed Hybrid Forces Neutralize 45 Bandits in Niger Operation

Recent Posts

  • NNPCL Controversy: Arewa Economic Forum Raises Alarm as EFCC, DSS Refute Claims
  • IPI Nigeria Demands Immediate Reopening of Badegi FM, Threatens to List Governor Bago in Black Book
  • Tinubu’s Greek gift by Festus Adedayo
  • Troops Kill 3 Terrorists in Borno, Recover Weapons, Motorcycles
  • NDLEA Intercepts Cocaine, Tramadol Hidden in Vehicle Side Mirrors, Arrests Multiple Suspects Nationwide
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
NNPCL Controversy: Arewa Economic Forum Raises Alarm as EFCC, DSS Refute ClaimsIPI Nigeria Demands Immediate Reopening of Badegi FM, Threatens to List Governor Bago in Black BookTinubu’s Greek gift by Festus AdedayoTroops Kill 3 Terrorists in Borno, Recover Weapons, MotorcyclesNDLEA Intercepts Cocaine, Tramadol Hidden in Vehicle Side Mirrors, Arrests Multiple Suspects NationwideCustoms, ICPC Partner to Curb Smuggling, Boost Revenue Through Transparent EnforcementPolice Spokesperson Muyiwa Adejobi Promoted to DCPPurported Resignation: Who are after NNPC Boss Bashir OjulariWill Presidential Gifts Follow as Nigerian Female Basketballers D’Tigress Reach 5th Consecutive AfroBasket Final?After ₦250m Ransom Demand, Security Guard Arrested for Murder of Caregiver, Toddler in Abuja SchoolOlubaka of Oka Praises Foundation for "Best Oka Day" FestivalNIPR FCT Chapter Focuses on Crisis Communication and ProfessionalismTroops Eliminate Dozens of Terrorists, Arrest 578 Suspects in July OperationsFG Reacts to Niger Governor’s Closure of Badegi FMInformation Ministry Inaugurates Anti-Corruption Unit to Deepen Transparency
X whatsapp