President Tinubu Meets Islamic Bank Management In Saudi, Negotiates Multi-billion Dollar Funding

President Bola Tinubu has advanced negotiations concerning multi-billion dollar finance from the Islamic Development Bank management to fund infrastructure projects in Nigeria.

This was disclosed in a statement signed by his Special Adviser, Ajuri Ngelale, on Tuesday, November 14.

The statement read, “President Bola Tinubu, on Monday night, in Mecca, Saudi Arabia, advanced negotiations concerning a multi-billion dollar infrastructure finance facility from the Islamic Development Bank to fund a multi-sectoral portfolio of infrastructure projects at the federal and sub-national levels in Nigeria.

“This development was the outcome of substantive investment discussions held between President Tinubu and the Vice-President (Country Programs) of the Islamic Development Bank, Dr. Mansur Muhtar, after the President’s return from evening prayers.”