• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 23, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Tinubu Secures Multi-billion Dollar In Infrastructure Funding From Islamic Bank

by Jonathan Nda-Isaiah
2 years ago
in News
Tinubu Secures Multi-billion Dollar In Infrastructure Funding From Islamic Bank
Share on WhatsAppShare on FacebookShare on XTelegram

President Bola Tinubu, on Monday night, in Mecca, Saudi Arabia, advanced negotiations concerning a multi-billion dollar infrastructure finance facility from the Islamic Development Bank to fund a multi-sectoral portfolio of infrastructure projects at the federal and sub-national levels in Nigeria.

Advertisement

According to a statement by presidential spokesman, Ajuri Ngelale, this development was the outcome of substantive investment discussions held between President Tinubu and the Vice-President (Country Programs) of the Islamic Development Bank, Dr. Mansur Muhtar, after the President’s return from evening prayers.

“Nigeria is the candle of hope that will light the way for Africa. And once Africa is illuminated, the world will be a brighter place for all of humanity. We are determined to create a future for our gifted youths. Investments in Nigeria will be among the world’s most high-yielding. Investor money will flow easily in and out of our country. Processes will be seamless. And your bank has always been a faithful partner in progress.

“We have serious deficits in port infrastructure, power infrastructure, and agro-allied facilities that will enable sustainable food security in our country. These deficits present unrivalled opportunity for savvy investors in a market that is by far the largest on the continent. Yes, we had the vision to enable Lekki Deep Seaport before others saw it. We must be bold again.

“We inherited serious liabilities, but also assets from our predecessors. We do not make any excuses. There are several sectors replete with investment opportunities for smart investors. Access to finance and guarantees can be a hindrance in some cases. You can come in there. We see you as a critical enabler. You have partnered with us before. We want to scale it up now and do much more with greater ambition and clear vision,” the President stated.

RELATED

Annual Confab: NBA President Leads Lawyers On 10km Health Walk In Enugu

Annual Confab: NBA President Leads Lawyers On 10km Health Walk In Enugu

35 minutes ago
Risk Managers Seek Review Of Nigeria’s Early Warning Systems

Federal Gov’t Warns Kebbi, Niger, Kwara Residents To Leave Flood-prone Areas

38 minutes ago
ADVERTISEMENT

Noting the historic essence of President Tinubu’s swift and decisive economic reforms, the Vice-President of the Islamic Development Bank said the financial world has been monitoring events in Nigeria and has concluded that Africa’s largest economy means business this time.

“Mr. President, we know you inherited a very tough set of circumstances. It is to your credit that you have taken very bold steps without delay. We are ready to work with you. We are ready to support big investments in Nigeria. We agree that if Nigeria succeeds, Africa succeeds. And the world needs Africa to succeed.

“The Islamic Development Bank President announced the provision of $50 billion U.S. Dollars of new investment for the African continent from the Arab Coordination Group (ACG). This was announced at the Saudi-Arab-African Economic Summit. As the largest market and the largest economy in Africa, Nigeria will certainly receive a significant share. We look forward to supporting Nigeria’s economic transformation,” the Islamic Development Bank Vice-President said.

ADVERTISEMENT

The President concluded by thanking the Islamic Development Bank management while pledging the unwavering commitment of his administration to win investors’ trust and confidence, just as he did in Lagos State many years ago.

Members of the Nigerian delegation present at the meeting in Mecca were: Governor Bala Mohammed of Bauchi State; Governor Dikko Radda of Katsina State; Governor Umar Bago of Niger State; Minister of Budget & Economic Planning, Senator Atiku Bagudu, and others.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Bola Ahmed TinubuIslamic Development Bank
SendShare11284Tweet7053Share
ADVERTISEMENT
Previous Post

NAF Destroys 6 Illegal Refining Sites, 5 Boats In Rivers

Next Post

Strike: Labour Barricades NASS Entrances, Locks Out Staff, Others

Jonathan Nda-Isaiah

Jonathan Nda-Isaiah

You May Like

Annual Confab: NBA President Leads Lawyers On 10km Health Walk In Enugu
News

Annual Confab: NBA President Leads Lawyers On 10km Health Walk In Enugu

2025/08/23
Risk Managers Seek Review Of Nigeria’s Early Warning Systems
News

Federal Gov’t Warns Kebbi, Niger, Kwara Residents To Leave Flood-prone Areas

2025/08/23
Perpetrators Of Ekiti Killings Will Be Brought To Justice – Oyebanji
News

‘You’re Collecting Salaries But Can’t Defend Gov’t,’ Oyebanji Slams ‘Disloyal Appointees’

2025/08/23
NERC Partners Orientation Agency To Sensitise Electricity Consumers
News

Reps Query NERC, Others Over Disbursement Of N59bn National Metering Fund

2025/08/23
NAF Airstrikes Kill 35 Terrorists At Nigeria, Cameroon Border
News

NAF Airstrikes Kill 35 Terrorists At Nigeria, Cameroon Border

2025/08/23
Land Scandal: Singer Zaaki Azzay Resigns As PMAN 2nd Vice President
Entertainment

Land Scandal: Singer Zaaki Azzay Resigns As PMAN 2nd Vice President

2025/08/23
Leadership Conference advertisement

LATEST

Annual Confab: NBA President Leads Lawyers On 10km Health Walk In Enugu

Federal Gov’t Warns Kebbi, Niger, Kwara Residents To Leave Flood-prone Areas

‘You’re Collecting Salaries But Can’t Defend Gov’t,’ Oyebanji Slams ‘Disloyal Appointees’

Reps Query NERC, Others Over Disbursement Of N59bn National Metering Fund

NAF Airstrikes Kill 35 Terrorists At Nigeria, Cameroon Border

Arsenal Complete Signing Of Eze From Crystal Palace

Land Scandal: Singer Zaaki Azzay Resigns As PMAN 2nd Vice President

Kano Gov’t Tackles FCTA Over Indiscriminate Repatriation Of Destitutes, Beggars

Pregnant Woman ‘Murdered, Butchered’ By Brother-in-Law In Kwara

Sri Lanka’s Ex-President Wickremesinghe Rushed To ICU From Jail

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.