Newsonline Nigeria reports that President Bola Tinubu has negotiated for a multi-billion-dollar finance facility from the Islamic Development Bank (IDB) to gaps in infrastructure across the country.
This Nigeria news platform understands that the negotiations between President Tinubu and the Vice-President (Country Programs) of the IDB, Dr Mansur Muhtar took place in Makka on Monday, according to a statement by Chief Ajuri Ngelale, Special Adviser to President on Media and Publicity, on Tuesday in Riyadh, Saudi Arabia.
Newsonline Nigeria gathered that the multi-million-dollar facility President Tinubu seeks from IDB is to be used to fund a multi-sectoral portfolio of infrastructure projects at the federal and sub-national levels.
In his remarks, Muhtar lauded President Tinubu’s swift and decisive economic reforms and stated the financial world has been monitoring events in Nigeria and has concluded that Africa’s largest economy means business this time.
The members of the Nigerian delegation that accompanied President Tinubu to the meeting in Mecca were Governors Bala Mohammed of Bauchi State, Dikko Radda of Katsina State, Umar Bago of Niger, and the Minister of Budget & Economic Planning, Sen. Atiku Bagudu.
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