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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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President Tinubu Extends Customs Boss Tenure By Six Months

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By Yusuf Danjuma Yunusa

President Bola Tinubu has approved a final six-month tenure extension for the Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, allowing him to remain in office until February 2027.

The Presidency announced the extension in a statement issued on Friday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.

According to the statement, Adeniyi’s previous tenure extension was due to expire on August 1, 2026, but President Tinubu approved an additional six months to enable him consolidate key reforms within the Customs Service and ensure a smooth leadership transition.

The Presidency said the extension would allow the Customs boss to complete the implementation of the National Single Window initiative, a major trade facilitation programme designed to streamline import and export processes, reduce bureaucratic bottlenecks and enhance revenue generation.

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“The six-month extension, which will expire in February 2027, is to enable him to consolidate the implementation of the National Single Window and ensure an orderly succession in the service,” the statement said.

During the transition period, Adeniyi is expected to work closely with the Nigeria Customs Service Board to oversee the promotion of qualified officers to the rank of Comptroller of Customs and facilitate the mandatory retirement of officers who have attained the age of 60 years or completed 35 years in service.

The move is also aimed at ensuring stability within the service while maintaining operational efficiency and continuity in ongoing reforms.

Adeniyi, a seasoned customs officer and public relations expert, joined the Nigeria Customs Service after graduating from Obafemi Awolowo University in the late 1980s.

Over the years, he rose steadily through the ranks of the service. He was promoted to Deputy Comptroller in 2012, Comptroller in 2017, and Assistant Comptroller-General in 2020.

In January 2023, he was appointed Acting Deputy Comptroller-General before President Tinubu named him Comptroller-General of Customs in June 2023.

Since assuming office, Adeniyi has spearheaded a number of reforms aimed at modernising customs operations, enhancing revenue collection, strengthening border management and improving trade facilitation across the country.

The latest extension underscores the administration’s confidence in his leadership and its commitment to sustaining ongoing reforms within the Nigeria Customs Service.

The extension is expected to provide the Customs Service with sufficient time to complete critical institutional processes and prepare for a seamless transition to a new leadership at the expiration of Adeniyi’s tenure in February 2027.

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Oshiomhole Calls for Change of NSCDC’s Name

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By Yusuf Danjuma Yunusa

Senator Adams Oshiomhole (APC-Edo), representing Edo North Senatorial District, has called for the review of the name of the Nigeria Security and Civil Defence Corps (NSCDC).

Mr Oshiomhole made the call on Friday in Abuja, at the unveiling of the NSCDC FCT Commandant Olusola Odumosu’s book, titled “Nigeria’s Security Dilemma: Rivalries and Implications”.

He said that the call for the change of name of the paramilitary agency was imperative in view of the word “Civil” in it, adding that it implied that personnel of the corps were not meant to bear arms.

He said that the NSCDC, saddled with the responsibility to be civil while protecting the nation’s critical national assets and infrastructure, interfaced with hardened criminals in line of duty.

The lawmaker, therefore, questioned how the operatives were expected to be civil when combating vandals, illegal miners and criminals who bear weapons.

“To be civil means you should not bear firearms, so if you do not bear arms to deal with people involved in illegal oil bunkering or destruction of public properties which you have been asked to protect, will you then preach while they carry guns?

“If you want to be civil, how do you deal with hardened criminals? If these criminals carry sophisticated weapons, you fighting them should not carry a less sophisticated weapon.

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“When I see service chiefs holding meetings and I don’t see the commandant general (CG) of civil defence, I am like, There is something missing,” he said.

He noted that no single security agency could deal with insecurity both at the sub-national and national levels alone.

Mr Oshiomhole said that in tackling insecurity, it was imperative for Nigerians, including politicians and security agencies, to put aside their differences and understand Nigeria is only one.

According to him, President Bola Tinubu will continue to apply all measures necessary to ensure Nigeria is safe and insecurity reduced to the barest minimum.

The senator commended the author for speaking out through his book on how to tackle insecurity through effective synergy and communication sharing among security agencies.

“It is commendable that you put out your thoughts while in the system and not outside the system, as it is much more dangerous to speak truth to power,” he said.

Also speaking was a security expert, Tyor Terhemba, the reviewer of the book, who said that Nigeria’s security challenges called for collective efforts towards combating banditry, terrorism, and kidnapping, among other criminalities.

“This is a time to have all hands on deck to collectively fight the enemies of the state; hence, it is not a time of rivalry but to be united,” he said.

Mr Terhemba said that the book re-echoed the need for unity, synergy between security agencies, regional and international partnerships, areas of potential conflict, and the role of intelligence sharing.

According to him, it also talks about political interference, ambiguous laws, accountability, security sector reforms, communication systems, and other topics.

Meanwhile, the author, Mr Odumosu, said that the book looked at security from a holistic perspective, as there was a need for a united front.

“No one has a monopoly of wisdom or strategy, so there is a need to tackle insecurity from a common front.

“Obviously there have been issues of unhealthy inter-security agency rivalries, which have been a pain to coordinate national responses to our security challenges.

“I looked at it from the perspective where all security agencies can understand that we must have the same goal whether our mandates are interwoven or not.

“We have a collective responsibility to ensure peace and order in Nigeria,” Mr Odumosu said.

The commandant reiterated that when security agencies continue to fight each other or see one another as competitors rather than a united front, a lot of work will still need to be done.

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7,450 Tertiary Institution Workers Get N13bn Loans

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By Yusuf Danjuma Yunusa

The federal government has disbursed about N13 billion worth of interest-free loans to 7,450 academic and non-academic workers across 153 public tertiary institutions nationwide.

In a statement issued on Friday, Boriowo Folashade, director of press and publications at the federal ministry of education, said the disbursement forms part of the 2025/2026 cycle of the Tertiary Institutions Staff Support Fund (TISSF).

According to the ministry, the intervention reflects President Bola Tinubu’s commitment to improving the welfare, financial wellbeing and productivity of education workers under the renewed hope agenda.

Established by the ministry of education and administered by the Bank of Industry (BOI), the TISSF provides interest-free loans of up to N10 million to eligible staff of public universities, polytechnics and colleges of education.

The loan is designed to help beneficiaries address personal and professional needs while enhancing their overall wellbeing.

The statement said Tinubu reaffirmed his administration’s commitment to investing in personnel driving teaching, learning, research and innovation across tertiary institutions.

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The ministry added that the programme is helping to ease financial pressures on education workers, improve livelihoods and strengthen the workforce responsible for shaping Nigeria’s future.

Tunji Alausa, minister of education, described the scheme as a critical component of the ministry’s broader education reform agenda and urged eligible staff to take advantage of the next application window.

According to the minister, “no education system can outperform the people who sustain it”.

He said investments in infrastructure, technology, skills development, research and institutional reforms must be complemented by practical measures that improve staff welfare and quality of life.

Alausa added that the successful completion of the 2025/2026 phase demonstrates both the strong demand for and positive impact of the intervention.

He said the programme complements ongoing efforts to strengthen teaching and learning, support research and innovation, improve institutional governance, and build a more resilient and globally competitive education system.

“Since disbursements commenced on 28 October 2025, the programme has processed over 42,000 applications through its digital platform, providing support to beneficiaries across all six geopolitical zones of the country,” the statement reads.

“Universities accounted for 52 per cent of disbursements, while colleges of education and polytechnics represented 25 per cent and 23 per cent, respectively.”

The ministry said the programme has promoted equitable access nationwide while identifying opportunities to increase participation among female staff and improve uptake in some regions.

Female beneficiaries accounted for 19 percent of recipients during the 2025/2026 cycle, according to the statement.

The statement added that targeted sensitisation and outreach efforts would form a key component of the next phase of implementation.

The ministry said it is enhancing the application process and deepening engagement with participating institutions to ensure a faster, more efficient and user-friendly experience for applicants.

The statement said applications for the 2026/2027 phase of the TISSF will officially open at the end of June 2026, with eligible staff advised to engage their institutions’ bursary departments and monitor official ministry communication channels for further details.

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