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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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Kaduna 2027: Governor Uba Sani Replaces Deputy, Names Jerry Adams as Running Mate

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By Yusuf Danjuma Yunusa

In a major political realignment ahead of the 2027 governorship election, Kaduna State Governor Uba Sani has officially nominated the Chairman of the Kaduna State Internal Revenue Service (KADIRS), Jerry Adams, as his new running mate.

The announcement, made on Tuesday via a personally signed statement, effectively signals the end of the ticket with the current Deputy Governor, Hadiza Balarabe, who also served as Deputy to former Governor Nasir El-Rufai during his second term.

Governor Sani framed the decision as more than a political calculation, describing it as a “reaffirmation” of his administration’s core philosophy of inclusive governance.

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“This decision is far greater than the selection of a deputy governorship candidate. It is a reaffirmation of the values that have guided our administration since I took the oath of office on 29 May 2023; the values of inclusion, justice, fairness, equity and the unwavering conviction that every citizen of Kaduna State deserves a genuine sense of belonging,” the Governor stated.

Addressing the state’s complex socio-political landscape, Sani noted that Kaduna’s rich diversity in ethnicity, religion, and culture should be a source of strength rather than division. He reflected on the state’s history, emphasizing the need to learn from past conflicts.

“Our history has taught us difficult lessons about the heavy cost of division, mistrust and exclusion. Yet it has also shown us that when we choose dialogue over discord, inclusion over alienation and justice over prejudice, our people achieve extraordinary things together,” he added.

The Governor touted his administration’s track record over the last three years as evidence of this commitment, citing equitable distribution of developmental projects across the state’s 23 local government areas. Key sectors highlighted include road infrastructure, education, healthcare, agriculture, water supply, rural development, and social protection programs.

The nomination of Jerry Adams, who currently oversees the state’s revenue generation, signals a potential shift in the administration’s focus toward economic consolidation and fiscal expansion as it prepares for the 2027 electoral contest.

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No Sin in Politics’ Wike Says as Fubara Returns to Rainbow Coalition

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By Yusuf Danjuma Yunusa

FCT minister Nyesom Wike has welcomed the return of Governor Siminalayi Fubara to his political side, declaring the latter has corrected his mistakes.

He said this in Abuja on Tuesday after inspecting the project, alongside the ongoing construction of the service carriageways of the Southern Parkway in Gaduwa District, Abuja.

Reacting to the Rivers governor’s recent declaration about his return to the Rainbow Coalition and pledge of complete loyalty to President Bola Tinubu’s re-election, Mr Wike said, “There is no sin in politics.”

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The minister further stated, “If someone realises he made a mistake and decides to correct it, there is nothing wrong with that.

“What matters is recognising that you were on the wrong path and deciding to take the right path.”

The minister, who welcomed Mr Fubara back into his political fold, insisted that the governor had “no other choice” than to return to the political family that brought him to power.

Mr Wike explained that the Rivers governor’s decision to align with his political camp publicly was a step in the right direction, adding that the reconciliation would strengthen support for Mr Tinubu ahead of the 2027 elections.

“I said during my last media chat that he had no other choice but to return to the same political family that produced him,” Mr Wike stated.

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Aminu Magashi Donates Relief Materials to Bichi Female Rehabilitation Centre Inmates

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The Technical Adviser to the Kano State Ministry of Humanitarian Affairs and Poverty Alleviation, Dr. Aminu Magashi Garba, has donated relief materials, including blankets, food items, and essential drugs, to inmates of the Bichi Female Rehabilitation Centre following the destruction caused by a recent rainstorm.

Dr. Magashi made the donation during a visit to the facility on Sunday, July 26, accompanied by officials of the Kano State Emergency Management Agency (SEMA), led by its Executive Secretary, Alhaji Isyaku Abdullahi Kubarachi.

The visit followed a heavy rainstorm that damaged parts of the rehabilitation centre, leaving several buildings in need of urgent repairs. During the inspection, Dr. Magashi interacted with staff and female inmates while assessing the extent of the destruction.

He observed that the rainstorm had blown off the roofs of several female accommodation blocks, while sections of the perimeter fence had collapsed, creating serious safety and security concerns for the facility.

In response to the situation, Dr. Magashi commended the Kano State Emergency Management Agency for its swift intervention, particularly the decision to temporarily relocate all female inmates to a dedicated and secured section within the Bichi Male Rehabilitation Centre.

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According to SEMA, the temporary relocation was undertaken to safeguard the lives and welfare of the inmates while rehabilitation and reconstruction of the damaged facility are carried out.

Dr. Magashi described the agency’s response as timely and necessary, noting that the safety and well-being of vulnerable persons in government care should remain a top priority.

He also pledged to support SEMA and the Ministry of Humanitarian Affairs and Poverty Alleviation in convening a strategic stakeholders’ meeting aimed at reviewing the incident and strengthening emergency response mechanisms across rehabilitation centres in the state.

The meeting, he said, would provide an opportunity to mobilize additional support from government institutions, non-governmental organizations, and development partners to improve SEMA’s capacity in managing the 13 rehabilitation centres under its supervision.

Dr. Magashi highlighted his continued commitment to supporting humanitarian interventions across Kano State, recalling that he had previously visited six of the state’s 13 rehabilitation centres where he donated drugs and food items to inmates.

He added that he had also sponsored a one-day capacity-building training for health workers serving in the rehabilitation centres to improve healthcare delivery to inmates.

The Technical Adviser expressed appreciation to the Executive Governor of Kano State, Engr. Abba Kabir Yusuf, for appointing him to serve in the Ministry of Humanitarian Affairs and Poverty Alleviation, pledging to continue supporting initiatives that improve the welfare of vulnerable residents across the state.If you’d like, I can also make it follow the exact Nigerian Tracker house style with a stronger lead, subhead, and editor-ready formatting.

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