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IsDB Approves $800 Million for Vital Development Projects”

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1 year ago

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Jeddah, Kingdom of Saudi Arabia, – The Islamic Development Bank (IsDB) Board of Executive Directors has approved a total of US $800 million during its 352nd meeting in Jeddah, Kingdom of Saudi Arabia, to finance critical projects to contribute in the development agenda of its member countries, improve the living conditions of its population and to enhance the attainment of the Sustainable Development Goals (SDGs).

In his report to the Board, the IsDB President and Chairman of the Board of Executive Directors, HE Dr. Muhammad Al Jasser, expressed optimism that the approved projects in key sectors such as energy, education, health, and transportation will ameliorate the socio-economic challenges of the population in IsDB member countries, especially those in vulnerable communities and will also accelerate the drive to achieve significant targets of the SDGs. He said the Bank had made an emergency intervention to support the most vulnerable people affected by the conflict in Sudan. “The IsDB and ISFD contributions will deliver a multi-sectoral emergency response and provide life-saving support to approximately 125,000 people affected by the sudden outbreak of conflict in Sudan.” Dr. Al Jasser emphasized.
The financing of the projects is geared toward contributing to the development agenda and improving the living conditions of the population in IsDB member countries in line with the Realigned Strategic Goals of the IsDB Group’s revamped and unwavering commitment to supporting its member countries in their pursuit of prosperity and resilience, particularly during these challenging times. Key among the approved projects are the IsDB’s contribution of EUR 182.26 million to the Republic of Cote d’Ivoire and EUR 40.25 million to the Republic of Senegal to improve transportation in the region; the US$ 40 million and EUR 48.05 million to finance two projects related to improving the water, sanitation and health sectors in the Republic of Guinea; the EUR 46.57 million to Islamic Republic of Mauritania, and a US$ 19.8 million to the Republic of Mozambique to promote quality education in those countries.

Additionally, the Board approved US$ 200 million to the Kingdom of Bahrain and EUR 61.9 million to the Federal Republic of Nigeria to boost electricity transmission and innovation in the energy and IT sectors; EUR 128.17 million to the Republic of Togo to strengthen environmental structures and US$ 1.5 million to the Republic of Sudan support the most vulnerable people affected by the conflict in Sudan. And a US$ 5.46 million IsDB and ISFD contribution to reduce food insecurity in member countries affected by fragilities and conflict through the Tadamon Accelerator for Food Security Response Program.

Dr. Al Jasser described the approved projects by the Board, especially in promoting education and improving health, energy and IT sectors, as transformative and said they would significantly impact the attainment of the SDGs’ objectives.

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Kano State Hosts 8th Annual Audit Forum to Enhance Transparency and Accountability

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13 hours ago

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November 21, 2024

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The 8th Annual Audit Forum, organized by the Office of the Auditor General of Kano State, was held recently, focusing on strengthening transparency and accountability in public financial management. .

Isma’ila Musa, the Auditor General of Kano State, welcomed the participants and highlighted the constitutional and legal mandates that guide the auditing process. “Sections 125(2) of the 1999 Constitution of the Federal Republic of Nigeria (as amended) and 36(i) of the Kano State Audit Law, 2021 (as amended) mandate the Office of the Auditor General to audit the accounts and financial statements of the State Government and all Offices and Courts,” he stated.

Musa expressed immense gratitude to His Excellency, Engineer Abba Kabir Yusuf, the Governor of Kano State, for his support in making the event possible. “It is very important to note that a strengthened fiscal transparency will help build trust in governance,” he emphasized. He added that the Audit Forum is a reform intended to reduce opportunities for corruption and abuse of public resources, thereby increasing the efficiency of public expenditures.

The Auditor General also acknowledged the contributions of various officials, including the Hon. Commissioner Ministry of Planning and Budget, the Accountant General, the Executive Chairman of Kano Internal Revenue Services, and former Auditors General, among others. “My sincere appreciation to all the invitees here present for honoring our invitation. I wish us a successful 8th Kano State Annual Audit Forum,” Musa concluded.

In his remarks, the Chairman of the House Committee on Public Accounts, Honorable Tukur Fagge, praised the exercise for its potential to enhance resource management and ensure the success of the tasks at hand. “This exercise will enhance resources management and will realize the success of the task,” Fagge stated.

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Sarkin Shanon Kano, Shehu Muhammad Dankadai, who served as the royal father of the day, also graced the event, adding to the significance of the occasion.

The forum underscored the commitment of the Kano State Government to upholding transparency and accountability, reflecting the administration’s dedication to effective and efficient service delivery.

 

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Breaking: Former Secretary of Federal Electoral Commission, FEDECO, Ahmadu Kurfi Passes On at 93

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19 hours ago

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November 21, 2024

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Late Alhaji Ahmadu Kurfi

 

A former secretary of the Federal Electoral Commission, Alhaji Ahmadu Kurfi, has passed away.

A family source, Jafar Yakubu, informed NIGERIAN TRACKER about the death of the pioneer secretary of the Federal Electoral Commission, who supervised the 1979 general election.

 

Jafar Yakubu said Alhaji Ahmadu Kurfi died at the age of 93 and his Janaza funeral prayers will take place by 2:30 PM at Kurfi in KATSINA state .

 

Dr. Amadu Kurfi, OFR, was born in 1931. He was a former chairman of the then Marketing Board, former Federal Permanent Secretary of the Federal Ministry of Defence, and the first person to acquire a BSc degree in the whole of Katsina State, at University College London in 1957.

 

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President Tinubu Sacks UNIZIK Vice-Chancellor, Registrar

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1 day ago

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November 20, 2024

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The governing council of the Nnamdi Azikiwe University has been dissolved by President Bola Tinubu.

The president dissolved the council and approved the removal of the institution’s vice-chancellor Bernard Odoh and the university registrar, Rosemary Nwokike.

A statement by Bayo Onanuga, the special adviser to the president on information and strategy said the action by Tinubu follows allegations of procedural violations in the appointment of the Vice-Chancellor.

He also said that the council led by Greg Ozumba Mbadiwe and including five other members—Hafiz Oladejo, Augustine Onyedebelu, Engr. Amioleran Osahon, and Rtd. Gen. Funsho Oyeneyin was accused of bypassing due process to appoint an unqualified candidate, prompting federal intervention.

Onanuga said, “The sacking of the governing council and officials followed reports that the council illegally appointed an unqualified vice-chancellor without following due process.

He added that following the controversial appointment, the Federal Government stepped in to address the rivalry between the university’s Senate and the governing council of the institution.

“The government expressed concern over the council’s apparent disregard for the university’s governing laws in its selection process”, Onanuga added.

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