Connect with us

News

IsDB Approves US$ 2.12 Billion for Development Projects in Member Countries

Published

on

Outgoing board members

The Board of Executive Directors of the Islamic Development Bank (IsDB), today, approved US$ 2.12 billion to finance new development projects in member countries.

Chaired by IsDB President and Group Chairman, H.E. Dr. Muhammad Al Jasser, the 353rd board meeting approved 16 projects that support socio-economic development and promote sustainability in member countries in key strategic sectors such as transport, energy, health and education, in addition to youth development/entrepreneurship-employment.

In his remarks, the IsDB President highlighted the significance of the approved projects, and their transformative impacts on improving transportation, health, education, and energy, as well as fostering regional economic integration.
Dr. Al Jasser told the Board members that IsDB is working to deepen the Sukuk (Islamic bonds) market to enable the Bank to finance more projects, be they green, sustainability, or ordinary Sukuk.

Top among the approvals is IsDB’s EUR 803.3 million (US$ 845.57 million) financing to Indonesia to contribute to “Strengthening Indonesia’s Health Care Referral Network Project”. The objective of the project is to enhance the physical and service capacity of the health referral system in Indonesia, ensuring that everyone has equal access to quality healthcare services in all districts, cities, and provinces.

The IsDB Board also approved financing of EUR 187.84 million (US$ 204.00 million) to Morocco for the “Construction of Guercif-Nador Highway Project” in the Kingdom of Morocco. The project aims to contribute to improving the connectivity of the Oriental region and the Nador West Med port complex by completing the construction 104 km of highway including 17 bridges and 53 flyovers by 2029.

#

Also, among the key approved projects are IsDB’s financing contribution of EUR 136.86 million (US$ 144.00 million) to Burkina Faso and US$ 106 Million to Uganda to improve the living environment of the populations and support the transport sector in the two beneficiary countries.

Additionally, the Board approved the following projects:

EUR 55 million (US$ 58.0 million) to the Republic of Mali to help enhancing the country’s electricity transmission grid via modernization and expanding of the high voltage transmission infrastructure;

Euro 64.30 million (US$ 70.0 million) for the Republic of Chad and EUR 25.24 million (US$ 27.13 million) to the Republic of Togo to support the higher education sector in these two African member countries.

US$ 16.90 million in slums Upgrading and Integrated Urban Development Project in Bouloas, Djibouti to improve the livelihoods of people living in slum areas through developing basic economic infrastructure.

US$ 79 million to improve access to affordable, resilient, and energy-efficient housing for the underserved population, as well as to support the Shariah mortgage development in the Kyrgyz Republic.

US$ 40.00 million to contribute towards supporting sustainable and green economic transformation of the Maldivian economy through improved access to Islamic finance while embracing social and environmental responsibilities.

US$ 200 million to deliver beneficiary‐driven, multi‐hazard resilient, reconstruction of core housing units to the populace affected by the 2022 floods in Sindh province in Pakistan.

US$27 million to improve the quality of life of the people living along the project road as well as contribute to the development of the international transit traffic potential of Tajikistan.

The IsDB Board approved US$ 300 million in financing for two projects for Türkiye earthquake-affected areas:

US$100 million to support the economic recovery of earthquake-affected industrial firms in various sectors and thereby contribute to enhancing the resilience of productivity and economic growth of the country.

US$ 200 million to support Türkiye’s efforts towards the rapid delivery of health facilities and services to improve the quality of life of the earthquake-affected population.

Furthermore, the IsDB Board reviewed several technical reports including the progress report of the IsDB Group Food Security Response Program (FSRP) which aims at supporting member countries in better averting the ongoing food crisis and further strengthening their resilience to future food security shocks. The Board was also updated on “Various Initiatives to Enhance IsDB’s Products and Services”.

News

Gombe Commences building of NYSC Lodge to Accommodate Corpers – Education Commissioner

Published

on

 

National Youth Service Corp’s (NYSC ) members deployed to Gombe State have been urged to avail themselves with the massive on going transformations in the State.

The call was made by the Honourable Commissioner of Education, Professor Aishatu Umar Maigari while addressing the Corp members during their routine daily briefing at NYSC Orientation camp in Amada, Akko Local Government.

Prof Aishatu Maigari said in support to the contributions of the NYSC in the state, Governor Muhammadu Inuwa Yahaya’s administration is building in the first phase self contained houses that can accommodate over 100 corp members across public schools.

She therefore, urged the members of the scheme to feel at home throughout their service year as people of Gombe State are peace loving and hospitable in addition to the conducive environment created by the present administration in the state.

Responding, the Gombe State Coordinator of the NYSC Mrs Chinwe Nnanne Nwachukwu commended the giant transformative drive of Governor Inuwa Yahaya and the innovations taking place in the education sector of the state.

#

The NYSC Coordinator also appreciated the Commissioner for attending the daily briefing which is a moral boaster to Corp members.

More than 1500 Youth Corp members are currently at the camp and will soon be posted to their various places of primary assignment for the service year.

Continue Reading

News

Gov. Abba K. Yusuf Approves ₦15.6 Billion for Over 3,000 Former APC Councillors’ Gratuities

Published

on

 

In a landmark decision that addresses the recklessness of the previous administration, Governor Abba K. Yusuf of Kano State has approved a total of ₦15.6 billion for the settlement of outstanding severance gratuities, accommodation allowances, and leave/recess allowances owed to over 3,000 former councillors from the 44 local government councils.

This significant financial package targets councillors who served during three distinct periods: 2014-2017, 2018-2020, and 2021-2024. The funds are set to be disbursed in three installments across April, May, and June 2025.

These former councillors served under the administration of former Governor Abdullahi Ganduje, during which their entitlements remained unpaid. The issue of these outstanding payments has caused considerable frustration among the affected council members. Governor Yusuf, elected on a different political platform, has taken the initiative to settle their earned entitlements, marking a departure from previous administrative practices.

Ibrahim Adam, the Special Adviser on Information to the governor, issued a statement highlighting the administration’s commitment to addressing the plight of the former councillors. “The approval of ₦15.6 billion is a fulfillment of Gov. Abba Yusuf’s promise to ensure that all outstanding entitlements owed to our dedicated public servants are settled. It is our duty to uphold the dignity of those who serve in elected positions,” Adam stated.

He further emphasized that this financial intervention is not just a commitment to the past but also a step towards fostering trust and accountability in governance. “His Excellency recognize the sacrifices made by these councillors throughout their service. It is time to right the wrongs of the past, and the government is determined to make this happen,” he added.

Local government officials have expressed appreciation for Governor Yusuf’s decision, viewing it as a critical step toward rectifying the financial injustices faced by these former councillors. This timely intervention is expected to provide much-needed support to the over 3,000 individuals who have long awaited their rightful entitlements.

Governor Yusuf’s administration continues to gain public support as it actively works to resolve various humanitarian and administrative issues that have persisted from previous regimes. As the scheduled payments approach, many are hopeful that this financial relief will further enhance the well-being of the former councillors and contribute positively to their communities.

#

Continue Reading

News

Private Schools: A Backbone of Youth Employment -Imam Zubair

Published

on

 

 

Private schools in Kano State have emerged as a significant industry fostering youth employment across various sectors, according to Alhaji Imam Ahmad Zubairu Galadanchi, MNI, Chairman of the National Association of Proprietors of Private Schools (NAPPS), Kano State chapter.

In an exclusive discussion with journalists, Alhaji Imam Galadanchi highlighted the economic impact of private schools, stating that each institution employs over sixty staff members—including teachers and non-academic personnel—who receive regular monthly salaries. Beyond direct employment, he noted that these schools stimulate local businesses by commissioning sportswear and student uniforms from tailors within the community.

With over 4,000 private schools officially registered with the Kano State Government, the sector plays a vital role in shaping education and economic development. Galadanchi called on parents to continue enrolling their children in neighborhood schools to ensure quality education and promote their children’s growth. He stressed the importance of parental involvement in their children’s education, advising parents to monitor lesson notes and assignments actively.

Furthermore, he urged parents to prioritize their children’s well-being by supporting their education, nutrition, and healthcare needs.

The private school industry in Kano remains a cornerstone for employment and local economic growth, reinforcing the importance of community-driven education.

Signed:
Ahmed Muhammad Sani Gwarzo, Zonal Information Officer, Municipal Zone 1

 

#
Continue Reading

Trending