FG begs Islamic Bank for assistance

News Express |23rd Aug 2016 | 2,699
FG begs Islamic Bank for assistance

Nigeria’s Minister of Finance, Mrs Kemi Adeosun, has appealed for support of the Islamic Development Bank (IDB) towards the attainment of financial inclusion and economic diversification.

She also asked for contributions from the bank towards the rebuilding of the northeast region that had been devastated by the Boko Haram insurgency.

The Minister expressed hope that this would enhance the provision of infrastructure for the Nigerian populace, as well as speed up economic development in Nigeria.

She made the appeal on Monday at a meeting with officials of the IDB in Abuja, to flag off the business activities of the bank in Nigeria.

The President of the bank, Mr Ahmad Al-Madani, explained the relationship between Nigeria and the IDB and added that the bank looked forward to a prosperous future together through the provision of basic infrastructure for Nigerians.

The meeting was later followed by the official opening of the IDB office in Nigeria.

The Nigerian government has said it is making efforts to cushion the effect of harsh economic times on Nigerians by ‘pumping money’ into the economy that the Central Bank said was near recession.

On Friday, The Minister of Finance told reporters that the government would allocate 60 billion Naira ($180 million) more spending on capital projects, as part of the 2016 budget.

Mrs Adeosun said that the allocation was an addition to earlier releases, aimed at boosting the economy.

Mrs Adeosun said that so far, the government had spent over 400 billion Naira on capital.

•Sourced fromChannels TV.Photo shows Kemi Adeosun.



Comments

Post Comment

Saturday, September 20, 2025 4:58 AM
ADVERTISEMENT

Follow us on

GOCOP Accredited Member

GOCOP Accredited member
logo

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

Contact

Adetoun Close, Off College Road, Ogba, Ikeja, Lagos State.
+234(0)8098020976, 07013416146, 08066020976
info@newsexpressngr.com

Find us on

Facebook
Twitter

Copyright NewsExpress Nigeria 2025