President Buhari addressing participants at the plenary session of the India-Africa Forum, Summit at the Indra Gandhi Stadium Complex in New Delhi India on 29th Oct 2015
President Muhammadu Buhari on Thursday in Mecca welcomed an offer by the Islamic Development Bank (IDB) to organise a financing roundtable in Abuja to mobilise more funds for investment and development of infrastructure in Nigeria.
According to a statement issued by Garba Shehu, presidential spokesman, the president of the IDB, Ahmed Mohammed Ali, made the offer at a meeting with Buhari, who is currently on an official visit to Saudi Arabia.
Ali assured Buhari that the IDB would work with its traditional partners such as the Saudi Fund, the Kuwait Fund, Arab Bank for Development in Africa and the Abu Dhabi Fund, to increase the quantum of funding available to Nigeria.
Welcoming the offer, the president restated his government’s determination to revamp and diversify the Nigerian economy rapidly.
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“The days of Nigeria as a big oil producer with plenty of money are gone. We need all the support we can get to diversify our economy as quickly as possible,” he told Ali.
“We also need to rehabilitate our infrastructure, develop the domestic capacity to feed ourselves and export the surplus.”
Buhari welcomed the plan by the IDB to fast track the take-off of the bilingual education programme, aimed at integrating the Almajiri system of education with western education in Nigeria.
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The IDB has already provided $98 million for the bilingual education programme in Adamawa, Gombe, Kaduna, Kano, Kwara, Nasarawa, Niger, Osun and Yobe.
The bank plans to support similar projects in other states of Nigeria.
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