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.

Advert

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 Assembly Screens, Confirms Hon. Maigari as Commissioner, thrice

Published

on

 

By: Umar Umar

 

The Gombe State House of Assembly has screened and confirmed Prof (Hon) Aishatu Umaru Maigari as a substantive commissioner following her nomination by the executive governor of Gombe State Alhaji Muhammad Inuwa Yahaya as part of efforts to restructure the state’s Executive Council.

Her confirmation followed the governor’s submission of her name alongside those of other nominees to the House of Assembly for screening in accordance with constitutional provisions.

The confirmation marks another chapter in Maigari’s public service career under the administration of Governor Muhammad Inuwa Yahaya, having previously served in key positions in the state cabinet.

Maigari was first appointed Commissioner for Science, Technology and Innovation in 2019, a position she held until 2022.

Following a cabinet reshuffle by Governor Inuwa Yahaya in 2022, she was redeployed to the Ministry of Education, where she served as Commissioner for Education until 2023.

Advert

After the governor secured a second term in office, she was reappointed and continued to head the Ministry of Education from 2023 until 2026, when the governor dissolved the State Executive Council as part of plans to reconstitute the cabinet.

Her latest screening and confirmation by the House of Assembly clears the way for her return to the cabinet following her reappointment by Governor Inuwa Yahaya.

Over the years, Prof. Maigari has earned recognition for her contributions to public service, particularly in the Education and Science sectors.

During her tenure, she participated in the implementation of government policies aimed at improving education delivery, promoting innovation and strengthening institutional development in Gombe State.

Beyond her official responsibilities, Maigari is widely regarded by supporters and political associates as a grassroots politician who has maintained close contact with her constituents through various empowerment initiatives and community engagement programmes.

Supporters say she has consistently demonstrated commitment to improving the welfare of ordinary citizens through interventions targeted at women, youths and vulnerable groups across communities.

She has also been described by colleagues, associates and supporters as a leader who maintains cordial working relationships with employees at all levels. Those who have worked with her say she is approachable, encourages teamwork and promotes cooperation among both junior and senior staff in the various ministries where she has served.

Political observers believe her reappointment reflects Governor Inuwa Yahaya’s confidence in her experience and administrative capacity as the administration seeks to strengthen governance and accelerate the implementation of its development agenda.

The reconstitution of the State Executive Council is expected to inject fresh momentum into the government’s programmes and policies, with the newly confirmed commissioners expected to contribute their experience toward improving service delivery and socio-economic development across Gombe State.

Continue Reading

News

MAAUN Clarifies Status of Former Visiting Lecturer, Reaffirms Zero-Tolerance Policy on Sexual Harassment

Published

on

 

 

The management of Maryam Abacha American University of Nigeria (MAAUN) has clarified that Dr. Nasa’i Gwadabe, a lecturer from North West University, Kano, is no longer affiliated with the institution, following the expiration of his one-year appointment as a Visiting Lecturer in May 2026. The university said the clarification became necessary in response to reports circulating on social media linking him to the institution.

In a statement issued by the university management, MAAUN explained that Dr. Gwadabe’s appointment ended in May 2026 and was not renewed. According to the statement, he is therefore no longer a member of the university’s academic staff and should not be described as such in media reports or public discussions.

The university stated that Visiting Lecturers are employed on one-year contracts, with renewal dependent on satisfactory performance, institutional requirements, and management approval. It added that Dr. Gwadabe’s contract was not renewed at the end of its tenure, noting that the same decision applied to a number of other Visiting Lecturers whose appointments also expired.

Advert

Reaffirming its stance on misconduct, the management said MAAUN maintains a zero-tolerance policy on sexual harassment, abuse, and exploitation. According to the statement, the policy is regularly communicated to members of the university community as part of efforts to promote a safe learning environment.

The university further disclosed that its Founder has introduced a ₦5 million reward for any female student who reports and provides credible evidence of sexual harassment or sexual assault involving any lecturer or staff member through the university’s established reporting channels. The management said the initiative demonstrates the institution’s commitment to addressing allegations of misconduct and protecting students.

MAAUN also rejected what it described as inaccurate claims circulating in connection with the matter. According to the management, reports alleging that a student was delayed for two years are false, noting that the university only recently graduated its first set of students.

The institution also dismissed claims that a postgraduate student was among the alleged victims. The management explained that MAAUN has not yet commenced postgraduate programmes, making such assertions factually incorrect.

The university urged members of the public and media organisations to verify information before publication and to refrain from referring to Dr. Nasa’i Gwadabe as a current member of staff, stressing that his association with the institution ended when his appointment expired in May 2026.

The management reiterated that MAAUN remains committed to upholding the highest standards of integrity, transparency, accountability, and academic excellence while continuing to enforce policies aimed at ensuring the welfare and safety of students and staff.

Continue Reading

News

CSOs Warn of Economic Hardship as CBN Revokes 46 Microfinance Bank Licences Nationwide

Published

on

 

A coalition of civil society organisations has expressed deep concern over the revocation of the operating licences of 46 Microfinance Banks (MFBs) by the Central Bank of Nigeria (CBN), warning that the decision could worsen financial exclusion, weaken grassroots economic activities and inflict hardship on millions of Nigerians, particularly in Kano State.

The concern was contained in a joint statement signed by Comrade Bashir Shehu, Executive Director of the African Centre for Civil Rights, Social Justice and Good Governance (Convener), and Hajiya Lami Adamu Garba, Executive Director of the Centre for Women Development Initiative, Katsina (Co-Convener), on behalf of a coalition of eight civil society organisations.

The coalition noted that Kano State was among the worst affected by the licence revocation, with 13 of the affected microfinance banks located in the state out of the 46 licences withdrawn nationwide.

According to the statement, Kano previously had about 40 licensed microfinance banks, meaning that nearly one-third of the state’s microfinance institutions have now lost their operating licences.

Advert

The organisations observed that the affected banks play a critical role in providing financial services to low-income earners, petty traders, small and medium-scale enterprises (SMEs), women, farmers and rural communities that are often excluded from conventional banking services.

They warned that the closures could lead to increased financial exclusion, disruption of small businesses, loss of public confidence in the microfinance sector, reduced access to credit and savings facilities, and broader socio-economic challenges in communities that rely heavily on microfinance institutions.

While acknowledging the CBN’s statutory responsibility to regulate the financial sector and ensure compliance with banking standards, the coalition stressed that regulatory actions should be implemented in a manner that also protects depositors, preserves public confidence and promotes financial inclusion.

The groups urged the CBN to review the decision where possible and work with relevant stakeholders to minimise the impact on affected communities. They also called on the Kano State Government, members of the National Assembly and the Nigeria Deposit Insurance Corporation (NDIC) to ensure that depositors’ funds are protected and that viable microfinance institutions receive the necessary support to strengthen their operations.

The coalition further advocated improved financial literacy programmes, enhanced regulatory guidance and capacity-building initiatives for microfinance banks, arguing that preventive reforms and institutional support would yield better long-term outcomes than actions capable of widening the country’s financial inclusion gap.

The organisations maintained that protecting access to community-based financial services remains essential to economic growth, poverty reduction and sustainable development, urging all relevant authorities to take immediate steps to safeguard the interests of affected Nigerians.

Continue Reading

Trending