National Hajj Commission of Nigeria (NAHCON) has sealed a Technical Assistant Agreement grant of N188 million with the Islamic Development Bank.
The deal was concluded and signed at the 44th ISDB Group Annual Meeting in Marrakesh, Morocco, on Sunday.
This was disclosed by the minister of finance, Zainab Ahmed in a statement by Paul Abechi, her special adviser on media and communications.
According to her, National Hajj Commission of Nigeria, NAHCON will get $243, 823 (N87.8 million) as the country sealed a $523, 823 (N188, 576, 280) Technical Assistant Agreement grant with the Islamic development Bank (ISDB) Group.
She also noted that the minister signed the agreement on behalf of the Nigerian Government while Bandar Hajjar, president of the ISDB Group signed on behalf of the group.
The statement reads in part; “TA agreement grants would be used to address capacity building and equipment, as well as logistics upgrade in the Hajj Commission.
“The National Hajj Commission of Nigeria would get $243,823.0, while the federal ministry of industry, trade and investment would receive $280,000.
“The Technical Assistant Agreement Grant of $243,823.0 to the National Hajj Commission of Nigeria is for capacity building/equipment and logistics upgrade.
“TA grant of $280,000 to the Federal Ministry of Industry Trade and Investment is for the improvement of cotton, textile and garment value chain.
“State governments in Nigeria are adopting cluster farming which has eased access to funds by farmers, increased growth and allows access to facilities without collateral.”