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$62.8m Concessional Loan With Kuwait Supports Nigeria’s Education — Minister

Innocent Odoh by Innocent Odoh
5 months ago
in Business
Yusuf Tuggar

Yusuf Tuggar

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Nigeria’s concessional loan agreement with the Kuwait Fund in 2025, valued at about US$62.8 million, is supporting climate-resilient, school infrastructure, teacher training and inclusive access to quality education, especially for girls and children with disabilities.

Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar said this during his remarks at events to celebrate the 65th National Day and 35th Liberation Day anniversary of the State of Kuwait in Abuja on Tuesday.

The Minister, who was represented by   the Director of Regions Department at the Ministry of Foreign Affairs, Ambassador Bukar Buni Hamman, described   Kuwait as a trusted development partner, stressing that bilateral relations between both countries have evolved into concrete programmes that address Nigeria’s social and human capital priorities.

Hamman added that beyond education, both countries are expanding discussions on cooperation in agriculture, food security, infrastructure, digital connectivity and renewable energy, while Nigerian states are opening investment opportunities to Kuwaiti partners.

 

Kuwaiti Ambassador to Nigeria, Mr. Salim Almuzayen, in his remarks said the celebration reflected not only Kuwait’s national milestones but also the country’s commitment to partnerships that promote sustainable development, particularly with long-standing allies such as Nigeria.

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He pointed to the “Reaching Out of School Children” project in Kaduna State, funded by the Kuwait Fund for Arab Economic Development in collaboration with UNICEF, as a flagship example of cooperation, noting that the initiative is designed to support more than 200,000 out-of-school children.

 

Almuzayen said Kuwait’s development engagement is guided by its moderate foreign policy and long-term vision to work with partners toward shared prosperity, adding that Kuwait has financed projects in more than 100 countries since the establishment of the Kuwait Fund in 1961.

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