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FG, IDB to seal $98 million deal

The Federal Government will today sign a $98 million agreement with the Islamic Development Bank (IDB) to drive its transformation agenda.   Before the $98 million deal, the bank's current investment in Nigeria is about $470 million.  Disclosing the funding initiative yesterday at a media briefing in Abuja, the President  of the bank, Dr Ahmad Mohammad Al-Madani, said the fund is expected to be used on capital projects that would impact on the  quality of existing  infrastructure,  support the ...
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Added March 14, 2012
from Nigerian Compass