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Home Politics $110 million loan: Masari visits Islamic Development Bank headquarters in Saudi Arabia
$110 million loan: Masari visits Islamic Development Bank headquarters in Saudi Arabia

$110 million loan: Masari visits Islamic Development Bank headquarters in Saudi Arabia


Governor Aminu Bello Masari of Katsina State has paid a working visit to the Islamic Development Bank in its headquarters in Jeddah, Saudi Arabia.

On the visit, Governor Masari led a state government delegation that included the State Commissioner of Finance, Alhaji Muntari AbdulKadir and the Special Adviser Budget, Alhaji Abdullahi Imam.

The delegation was received by the Vice President, Operations of the IDB, Dr. Mansur Mukhtar Danbatta who is a former Nigerian Minister of Finance in the administration of Late President Umaru Musa Yaradua.

The visit followed a previous meeting with the IDB led by President Muhammadu Buhari which was attended by some state governors that included Governor AbdulAzeez Yari of Zamfara State, Ibikunle Amosun of Ogun State and Governor Aminu Bello Masari of Katsina State.

In the previous meeting, President Muhammadu Buhari had appreciated the Islamic Development Bank for its years of sustained partnership and assistance to the African countries, and Nigeria in particular.

He also solicited the bank’s partnership and assistance in efforts at rebuilding the North-east which has been ravaged by Boko Haram insurgency in recent years.

Meanwhile, Katsina State government had already sought a moderate soft loan (of $110 million) from the Islamic Development Bank which will be utilised to fund critical projects in the education, health, infrastructure, water supply and agricultural sectors which have suffered neglect over the years.

As a follow-up to those discussions, the Katsina delegation held fruitful discussions with the IDB management where Governor Aminu Bello Masari acknowledged the bank’s input in funding several people-oriented projects in many Nigerian states.

The ADB Group Vice President, Dr. Mansur Danbatta, who hosted the Katsina delegation to a lunch, assured them of IDB’s readiness to fund critical development in key sectors that have a direct bearing on the life of the people.

Since its assumption of office, the Masari-led administration has initiated a development blueprint tagged the “Restoration Agenda” as the state government has so far made notable progress in the implementation of this development agenda.


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