Fg seals n188 million deal with islamic development bank

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The Federal Government of Nigeria has signed a deal with the Islamic Development Bank (IsDB) worth N188 million (approximately $500,000) to support the country's economic development. The agreement was signed by the Minister of Finance, Budget, and National Planning, Zainab Ahmed, and the IsDB's President, Dr. Bandar Hajjar.

The deal is aimed at promoting economic growth, reducing poverty, and improving the standard of living in Nigeria. The funds will be used to support various development projects in the country, including infrastructure development, agriculture, and healthcare.

The IsDB is a multilateral development bank that focuses on promoting economic development in member countries through sustainable and Shariah-compliant financing. Nigeria is one of the bank's largest shareholders and has been a member since 1982.

This deal is seen as a significant step forward in Nigeria's efforts to diversify its economy and reduce its reliance on oil exports. It also demonstrates the country's commitment to promoting economic cooperation with other countries and international organizations.

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