FG obtains $523 .8m Islamic Development Bank grant

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By Emma Ujah, Abuja Bureau Chief

The federal government has obtained a $532.8 million grant from the Islamic Development Bank (IDB).

The Minister of Finance, Mrs Zainab Ahmed, sealed the deal for the grant meant for Technical Assistance, with the ISDB Group, in Marrakesh, Morocco, Monday.

zainab ahmed FG obtains $523 .8m Islamic Development Bank grant
Zainab Ahmed

A statement by the Special Adviser to the Minister of Finance on Media and Communications, Mr Paul Ella Abechi, in Abuja, indicated that the Minister signed on behalf of the federal government, while the Pesident of the ISDB Group, Dr. Bandar M. H. Hajjar, signed on behalf of the Group.

The Minister said the TA agreement grant would be used to address capacity building/equipment and logistics upgrade in the Hajj Commission and for the improvement of cotton, textile and garment value chain in the Federal Ministry of Industry, Trade and Investment.

She added that the National Hajj Commission of Nigeria (NAHCON) gets $243,823.0, and the Federal Ministry of Industry, Trade and…



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