President Muhammadu Buhari has welcomed an offer by the Islamic Development Bank to mobilise funds for investment and development of infrastructure in Nigeria.
The Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu said that Buhari showed his delight at the offer during a meeting with the IDB President, Dr. Ahmed Mohammed Ali, in Mecca, Saudi Arabia.
Ali reportedly assured Buhari that the IDB would work with her traditional partners like 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.
Buhari on his part reiterated his administration's determination to diversify the Nigerian economy.
“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.
“We also need to rehabilitate our infrastructure, develop the domestic capacity to feed ourselves and export the surplus,” he said.
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