The Islamic Development Bank (IsDB) has approved a funding package of $938 million to support development projects in Nigeria and five other countries. This decision was made during a meeting in Jeddah, Saudi Arabia. The funding aims to improve areas like clean energy, agriculture, health, transportation, and water supply. For Nigeria specifically, $60.67 million will go towards a project in Katsina State to help farmers increase their productivity and resilience against climate and market challenges. Other countries receiving funding include Uzbekistan, which will get $115 million for a wind power project and $202.15 million for agricultural mechanization. Pakistan is set to receive $100 million to help eradicate polio, while Tunisia will get approximately $356 million for road improvements. The Kyrgyz Republic will also benefit from $70.70 million for water supply and sanitation improvements. IsDB President Dr. Muhammad Al Jasser emphasized the bank's commitment to impactful development that addresses the needs of communities. The projects are part of a broader strategy to enhance connectivity, energy security, and food systems in member countries, aligning with global development goals.
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