President Muhammadu Buhari has accepted the Islamic Development Bank (IDB) offer to organize a financing roundtable in Abuja to mobilise more funds for investment and development of infrastructure in Nigeria spokesman Garba Shehu said in a statement on Thursday.
The President of the IDB, Dr Ahmed Mohammed Ali made the offer at a meeting with President Buhari who is currently on an official visit to Saudi Arabia.
“Dr. Ali assured President Buhari that the IDB will work with its traditional partners such as the Saudi Fund, the Kuwait Fund, Arab Bank for Development in Africa and the Abu Dhabi Fund, to increase the quantum of funding available to Nigeria,” Shehu said.
He said President Buhari welcomed the offer and restated his government’s determination to revamp and diversify the Nigerian economy rapidly.
“The days of Nigeria as a big oil producer with plenty of money are gone. We need all the support we can get to diversify our economy as quickly as possible.
“We also need to rehabilitate our infrastructure, develop the domestic capacity to feed ourselves and export the surplus,” the President told Dr. Ali, according Shehu.
He said Buhari welcomed the plan by the IDB to “fast track the take-off of the Bilingual Education Programme, aimed at integrating the Almajiri system of education with Western education in Nigeria”.
The IDB has already provided US$ 98 million for the Bilingual Education Programme in Adamawa, Gombe, Kaduna, Kano, Kwara, Nasarawa, Niger, Osun and Yobe, he added.
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