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IsDB Approves $800 Million for Vital Development Projects”

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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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Dangote Cement places premium on Community engagement, sustainability in Host communities

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Alhaji Aliko Dangote

Dangote Cement Plc, is prioritizing  community engagement, empowerment, and environmental stewardship to sustain its upward trajectory,

The cement manufacturing firm said it believed that true progress is measured not only by economic prosperity but also by the holistic development of all stakeholders.

The Plant Director of Dangote Cement Plc Obajana, Mr. Azad Nawabuddin, who disclosed this during a media chat in Obajana, said that the relationship between Dangote Cement and its host communities and other stakeholders transcends transactional exchanges as it is built on a foundation of trust, mutual respect, and shared aspirations.

“The communities in which we operate are not just beneficiaries; they are our partners in progress,” he affirmed.

While reaffirming the company’s commitment to its host communities, Nawabuddin, who recently moved from the Ibese plant, emphasized that the company would collaborate with key stakeholders in Obajana to implement impactful projects.

He said crucial to the vision is the empowerment of residents through skills development and capacity-building initiatives. “We recognize the importance of equipping community members with the requisite skills to thrive in today’s competitive landscape,” Nawabuddin asserted.

The Dangote Cement boss said this will enhance employability and foster entrepreneurship among youth and women in the host communities.

With a steadfast commitment to corporate social responsibility (CSR) and sustainable development, Nawabuddin outlined initiatives to strengthen the bond between Dangote Cement and the communities. He emphasized that the company views its host communities as partners.

“In terms of community engagement, we will hold meetings to explore avenues for supporting them, including opportunities for businesses and contracts. The communities are integral partners for us. Through dialogue with them, we aim to execute significant projects that will bring them lasting benefits,” he stated.

Nawabuddin also stressed the importance of environmental stewardship and sustainable practices in Dangote Cement’s operations. “We are custodians of the environment, and it is our duty to ensure that our activities leave a positive impact on the ecosystem,” he added.

Nawabuddin explained that in addition to socio-economic development is the importance of addressing security concerns in the host communities. He said through collaborative efforts with law enforcement agencies and community-based initiatives, security risks will be mitigated, and the well-being of residents will be upheld.

“We are working closely with local authorities and community leaders to enhance security measures and create a safe and conducive environment for all,” he added.

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Kano-Kaduna-Abuja Passengers Spent Night In Kaduna Due to Traffic Jam

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Some passengers traveling from Abuja to Kano found themselves stranded in Gwanin Gora town, Kaduna State, due to a traffic jam.

An eyewitness and passenger, Dr. Lado Bala, informed NIGERIAN TRACKER that they had been stranded since 3 AM with no indication of movement.

Regarding the cause of the traffic jam, Dr. Bala mentioned that it may be attributed to an unknown accident that occurred further down the road.

As of the time of reporting, no security agency had responded to clear the jam.

The Kano-Abuja-Kaduna Express is a major Nigerian road that links Northern and Southern Nigeria.

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Nigeria Tracker Congratulates Sarkin Bai Mansur Mukhtar On Wedding of His Daughter Amina

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The wedding ceremony

 

The management of Nigeria Tracker Communications, publishers of Nigerian Tracker online newspaper, has extended its congratulatory message to the family of Nigeria’s former Minister of Finance and Vice President of the Islamic Development Bank ,Dr Mansur Mukhtar on the wedding of his daughter, Amina Mansur Mukhtar.

This was contained in a statement signed by the Editor-in-Chief and CEO of the leading online newspaper, Abbas Yushau Yusuf.

The wedding fatiha and solemnization which took place in Jeddah, Saudi Arabia, had in attendance family, friends, and well-wishers, with a dowry of $1000.

On behalf of the board of directors of Nigeria Tracker Communications, we wish the couple a happy married life and Allah’s blessings, and success to the entire Sarkin Bai of Kano’s family, Dr. Mansur Mukhtar.

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