October 18, 2024
Tinubu Meets IDB Management In Saudi, Negotiates Multi-Billion Dollar Funding
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Tinubu Meets IDB Management In Saudi, Negotiates Multi-Billion Dollar Funding

President Bola Tinubu has advanced negotiations concerning a multi-billion dollar finance from the Islamic Development Bank management to fund infrastructure projects in Nigeria.

In a statement by his Special Adviser, Ajuri Ngelale yesterday, said the 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.

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Noting President Tinubu’s swift 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.

The Bank’s Vice-President also said the bank is ready to support big investments in Nigeria, adding that if Nigeria succeeds, Africa succeeds. And the world needs Africa to succeed.

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