The President of the bank, Dr Muhammad Sulaiman Al -Jasser stated this on Tuesday when he visited Kano state, as part of his maiden official visit to Nigeria.
Speaking at a press conference, held at the Kano State government house, Dr Al-Jasser said out of the $1.8 billion, about $970 million projects are financed by the bank itself.
He said the bank has invested in various developmental areas in Nigeria, including Kano, aimed at overcoming some major socio economic challenges.
Some of the projects, according to the president, include 288 projects that were handled by the Private Sector, while under the ICD program $477 million was spent on trade operations and another $90 million was expended by other trade insurance arm.
Dr Al-Jasser at the palace of Emir of Kano.
He said the bank equally invested huge amount of Money under the Kano State Agro Pastoral Development Project (KSADP) where $9 million was spent.
The KSADP project, he said would among others, include developing agropastoral production system in the state, investing on livestock value chain, such as milk, meat, and crops like soya bean, maize, millet among others.
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The President said the bank also sponsored projects executed and delivered are repair works of Watari Irrigation Scheme, Livestock Vaccination Campaign 2021, and 2022, where over 1 million cattles and over 1.4 sheep’s were vaccinated.
On education, Dr Al-Jasser said that the bank would do everything possible together with other stakeholders to help Nigeria overcome the challenge of out-of-school children .
According to him, Nigeria unlike other nations is facing a serious problems relating to the out of School Children which needed concerted effort of all to solve.
He said the bank would be determined to invite stakeholders from different walk of lives to come forward and assist Nigeria overcome not only the out of School Children issue but educational sector as a whole holistically.
” We at the Islamic development bank use to give education high premium. And that is why we are in high level discussions with senior government officials over the burning issue, this is something that has to do with many Countries of the world and Nigeria won’t be an exception”
Dr Al-Jasser who said this is the first time he was visiting the sub hararan Africa and Nigeria in particular purposely to come and see things for himself since the bank started its operation in the African continent.
He said he had sat with the Vice President Yemi Osinbanjo in Abuja and held fruitful discussions with him especially on issues bordering on development projects, same visit was extended to the Kano Deputy governor and Emir of Kano Alhaji Aminu Ado Bayero.
