Arab Bank To Boost Borno’s Economic Development

Director-general of Arab Bank for Economic Development in Africa, Dr Sidi Ould-Tah has reiterated the commitment of the bank to partner with the Borno State government for economic development.

He made this known at the weekend during a courtesy call on Governor Babagana  Umara Zulum in Maiduguri.

Ould-Tah, who led a delegation of the bank to Maiduguri, said the partnership that was beneficial to the parties started last year when the governor led a delegation to the bank in Khartoum.

“The bank has also sent to Borno a technical team which has worked with their counterparts here to prepare a pilot project that is currently being implemented in Borno.

“From our discussion with the governor, we need to scale up our intervention to be able to respond to the needs of the population in Borno.

“And this is why today we are here to discuss with the government about a full-fledged integrated rural development programme to support Borno State,” he said.

According to him, the project will be a large one with a sizable amount of financing from the bank for the next three to five years. He said the programme would cover all areas identified by the Borno government.

Responding, Zulum who lauded the intervention by the bank, said it would facilitate economic and recovery processes in Borno and sub-Saharan Africa.