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

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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.

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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”.

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Breaking: Tinubu Orders Release of Minors Arrested Over Endbadgovernance Protest

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President Bola Ahmad Tinubu

President Tinubu Orders release of all minors who participated in the Endbadgovernance protest .

 

The minister of information and national orientation Muhammad Idris stated this to state House correspondents.

Minister of Information and National Orientation, Mohammed Idris, disclosed this while briefing State House correspondents, on Monday.

The Minister was flanked by the Bayo Onanuga, Special Adviser to the President on Information and Strategy; Sunday Dare, Special Adviser on Public Communications and orientation.

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Idris stated that the President has instructed the Attorney-General of the Federation, Lateef Fagbemi, to begin the process of securing the minors’ release without delay.

“The President has directed that all minors be released on the and also reunited with their families anywhere they are in the country. A committee has been set up to look at the issues surrounding their arrest, detention and release. All the law enforcement agents related to the case will be investigated and anyone found wanting will be brought to book,” he said.

 

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76 Detained Children: Northwest Youth-Students Forum hails Senator Barau, AGF’s prompt intervention

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The Northwest Youth and Students Forum (NWYSF) has expressed its heartfelt appreciation to the Deputy President of the Senate, Senator Barau I. Jibrin and the Minister of Justice and Attorney-General of the Federation, Lateef Fagbemi, SAN, for their prompt intervention in the detention of minors by the Nigeria Police Force, following the End Bad Governance Protest.

The forum in a statement signed by its National Chairman, Abubakar Isyaku Balan said the swift action by the leaders will brings hope to the affected families and demonstrates a commitment to protecting the rights of vulnerable citizens nationwide.

He said “The giant move of the Deputy President of the Senate and the Attorney General of the Federal is no doubt a commendable one. We are proud of this and look forward to the release of the children courtesy of this movement.”

According to the statement, the NWYSF, as a forum comprising of talented youth and students, deemed it necessary to protectively initiate awareness programs that will enlighten the teeming youth on human rights and activism.

“We acknowledge that the minors actions were driven by ignorance and a lack of proper orientation, underscoring the need for civic education and sensitization in the Northwest region. Addressing the underlying issues that led to this situation is crucial, rather than simply punishing the minors. This approach will foster a more informed and empowered youth.

“Considering the economic situation in the North, we urge the Federal Government to show compassion and release the detained minors, taking into account their age and circumstances. We also call on the government to provide support for their rehabilitation and education.

“In partnership with government agencies, non-governmental organizations, and community leaders, NWYSF will develop sensitization initiatives focusing on empowering youths with knowledge of their rights and responsibilities, promoting understanding and respect for human rights and teaching alternative dispute resolution methods.

“In view of the above, by working together, we can prevent similar incidents and foster a more informed, peaceful, and inclusive society,” the statement added.

 

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ICPC Arraigns Provost, Lecturer for Certificate Forgery in Sokoto

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Dr Musa Adamu Aliyu ,ICPC Chairman

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned Hauwau Gimbiya Mukhtar Abdulkarim, the serving Provost of the Federal College of Education (Technical) (FCET), Gusau, alongside Abdullahi Boyi, a lecturer with the Sokoto State College of Education (SSCE), on alleged certificate forgery.

The duo were arraigned on a six-count charge, registered as charge No. SS/213c/2024, before Hon. Justice Muhammad Aliyu Sambo at the Sokoto State High Court. ICPC accused the two defendants of forging an appointment letter and using it to apply for the position of Provost at the Federal College of Education (Technical) Gusau, Zamfara State.

The defendants were also accused of making false statements to ICPC officers during the investigation, which is an offence under Section 25(1)(a) and punishable under Section 25(ii)(b) of the Corrupt Practices and Other Related Offences Act 2000. “Both defendants, however, pleaded ‘not guilty’ to all six charges when read to them by the Court’s Registrar,” the ICPC revealed in a statement.

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Counsel for the defendants, Dr. Muhammad Mansur Aliyu and Mr. M.S. Diri SAN, moved for bail applications on behalf of their clients. They requested the court to consider reasonable bail terms, citing the defendants’ “established positions and cooperation during the investigation.”

Counsel to the ICPC, Mr. Suleiman Ahmad, did not oppose the bail applications. Following the consideration of the applications, Hon. Justice Sambo granted bail under specific conditions designed to ensure the defendants’ continued presence throughout the trial proceedings.

The bail conditions require each defendant to provide two sureties who are permanent residents of Sokoto State, with each surety signing a bond of one million naira (₦1,000,000). After granting bail, the ICPC prosecutor requested a date for the trial to commence, emphasizing the Commission’s preparedness to present witnesses and evidence in support of the charges.

Hon. Justice Sambo adjourned the matter to November 21, 2024, when the hearing is set to begin. The prosecution is expected to call witnesses and introduce material evidence to substantiate the allegations.

The ICPC press release was signed by Demola Bakare, Acting Director of Public Enlightenment and Education, and Spokesperson for the Commission.

 

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