The Islamic Development Bank (ISDB) and the Nigerian government has sealed an N188m-deal on Sunday, Concise News reports.
This online news medium understands that the deal was concluded and signed at the 44th ISDB Group Annual Meeting in Marrakesh, Morocco, on Sunday.
Nigeria’s Finance Minister, Zainab Ahmed, revealed in a statement that the 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.
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.
“TA agreement grants would be used to address capacity building and equipment, as well as logistics upgrade in the Hajj Commission,” she said.
“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.”
She added that the “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.”