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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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Arewa Rents Charts a Digital Future for Northern Nigeria’s Property Market”

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Arewarents.com, a property marketplace startup focused on Northern Nigeria, is positioning itself to transform how people rent, buy, and access short-let properties across the region through technology and innovation.

The startup pitched its idea today at the first Kano Startup Weekend, an event organized by the Kano State Information and Communication Technology Development Agency (KASITDA). The event brought together startups, investors, mentors, and ecosystem leaders to showcase emerging solutions addressing real market challenges.

At the pitch, Arewa Rents presented its vision of building a centralized digital platform for property rentals, sales, and short-lets, designed specifically for the Northern Nigerian market. According to the Founder of Arewa Rents, Anas Y. Yusuf, the goal is to “create a single trusted platform where people can easily find verified properties without relying on scattered and unreliable sources.”

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Northern Nigeria’s real estate market remains largely informal, with property listings scattered across social media, local agents, and offline networks. This fragmentation creates inefficiencies, limits visibility for property owners and agents, and makes it difficult for renters and buyers to access verified properties in one trusted place.

Addressing this gap, Anas Y. Yusuf noted that Arewa Rents is “leveraging technology to bring structure, transparency, and trust into the property market, while making it easier for agents and landlords to reach serious clients.”

Arewa Rents is developing a technology-driven property marketplace that aggregates verified listings for homes, apartments, shops, and short-stay properties. The platform is designed to connect renters, buyers, agents, developers, and landlords more efficiently, while improving transparency in property transactions.

As the startup continues to build and scale its platform, Anas Y. Yusuf emphasized that the long-term mission is “to make property renting, buying, and short-let access in Northern Nigeria more efficient and accessible through a trusted digital marketplace.”

With its regional focus and marketplace-driven approach, Arewa Rents is emerging as a startup positioned to play a key role in the digital transformation of Northern Nigeria’s real estate sector.

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News Analysis: Wike in the Wilderness as Fubara Dines with the APC

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By Yusuf Danjuma Yunusa

On Friday, December 12, 2025, the Rivers State governor, Siminalayi Fubara, was issued the membership card of the ruling All Progressives Congress(APC).

The party’s membership card issuance took place at the Rivers State government house, and it marks the official transitioning of governor Fubara to the fold of the ruling party, APC.

Speaking during the officiating, governor Fubara expressed joy, stating that President Tinubu’s vision will now be shared with the state.

“To everything under the sun, there is a time and season and I am happy today that I formally obtained the membership card of the APC.

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This primarily, is to align our dear state with the ruling party at the centre, with a firm belief in Mr President and the Renewed Hope Agenda to rapidly contribute to the growth, stability and development of Rivers State,” Fubara said.

The sudden and shocking defection of governor Fubara from the PDP to APC has been one of the top trending national discourse recently.

Netizens have proclaimed the “use and dump” tactics on Wike, saying that the presidency no longer see value in him.

Unverified reports have it that the FCT Minister might not make it to the next administration of President Tinubu if he gets re-elected since they’re now with governor Fubara, who commands the leadership of APC in the State now.

Also, rumors have it that Wike tried all he could to sabotage the defection of governor Fubara into the All Progressives Congress, but all to no avail.

Consequently, people have been inquisitive:

1. Will Wike now Join APC in order to wield state supremacy?
2. Will he work for or against the very APC he worked for during 2023 presidential election?
3. If he doesn’t join the APC, will 2027 be the end of his political relevance?

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FG Bans New SS3 Admissions Nationwide to Fight Exam Malpractice

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By Yusuf Danjuma Yunusa

 

The Federal Government has announced a nationwide ban on the admission and transfer of students into Senior Secondary School Three (SS3) in both public and private secondary schools, effective from the 2026/27 academic session.

The directive was disclosed in a statement signed by Boriowo Folasade, Director of Press and Public Relations at the Federal Ministry of Education, as part of efforts to curb examination malpractice and restore credibility to Nigeria’s education system.

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According to the ministry, the decision follows growing concerns over widespread examination malpractices, including the use of so-called special centres during external examinations. Under the new policy, student admissions and transfers will be permitted only into Senior Secondary School One (SS1) and Senior Secondary School Two (SS2).

“Admission or transfer into SS3 will no longer be permitted under any circumstance,” the ministry stated.

Officials explained that the measure is intended to prevent last-minute movement of students for examination advantages, ensure proper academic monitoring, and promote continuity in teaching and learning.

School proprietors, principals, and administrators across the country have been directed to comply strictly with the policy, with the ministry warning that violations will attract sanctions in line with existing education regulations.

The statement reaffirmed the Federal Government’s commitment to upholding academic standards, promoting fairness, and restoring confidence in public examinations nationwide.

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