Nigeria signs N189m Agreement with ISDB Morocco

Mathew Dadiya

The Federal Government of Nigeria has signed a N185,957,165 million ($523,823) Technical Assistant Agreement grant with the Islamic Development Bank (ISDB) Group, in Marrakesh, Morocco.

Minister of Finance, Mrs Zainab Ahmed signed on behalf of the Federal Government while President of the ISDB Group, Dr Bandar M. H. Hajjar, signed on behalf of the Group at the 44th ISDB Group Annual Meeting held in Marrakesh, Morrocco.

Special Adviser to the Minister of Finance on Media and Communications, Mr Paul Ella Abechi, stated this on Monday, adding that the theme of the meeting is: ‘Transformation In A Fast-Changing World: The Road To SDGs’.

Mrs Ahmed said that the Technical Agreement grants would be used to address capacity building/equipment and logistics upgrade in the Hajj Commission and for the improvement of cotton, textile and garment value chain in the Federal Ministry of Industry, Trade and Investment.

She explained that the National Hajj Commission of Nigeria (NAHCON) gets $243,823.0, and the Federal Ministry of Industry, Trade and Investment gets $280,000 respectively.

“The Technical Assistant Agreement Grant of $243,823.0 to the National Hajj Commission of Nigeria for capacity building/equipment and logistics upgrade.

“TA grant of $280,000 to the Federal Ministry of Industry Trade and Investment for the improvement of cotton, textile and garment value chain”, she said.