Nigeria, IsDB deepen economic partnership

Abdullateef Fowewe

Nigeria has strengthened its economic ties with the Islamic Development Bank (IsDB) following a high-level bilateral meeting in Washington D.C., led by Doris Uzoka-Anite, Minister of State for Finance.

This strategic dialogue according to a statement on Thursday by Mohammed Manga, Director of Information and Public Relations at the Federal Ministry of Finance, highlights Nigeria’s commitment to accelerating growth under President Bola Tinubu’s Renewed Hope Agenda.

Uzoka-Anite emphasised, “This meeting underscores the strong bond between Nigeria and the IsDB.

“Under the Renewed Hope Agenda, President Bola Ahmed Tinubu’s Administration remains committed to repositioning our economy and driving infrastructure development.”

The discussions focused on expanding cooperation in key areas such as Sukuk financing, Sharia-compliant financing, and innovative financial instruments.

Existing collaborations on agriculture, renewable energy, infrastructure, education, and healthcare were also reviewed, with new opportunities identified in agro-industrial processing zones and the halal economy.

The partnership aims to stimulate economic growth, create jobs, reduce poverty, and improve the overall well-being of Nigerians.

The meeting underscores Nigeria’s proactive approach to forging strong international economic alliances to navigate global economic challenges and drive sustainable development.

The statement described the engagement as, “a significant step forward in Nigeria’s efforts to strengthen its economic ties with international partners.