Power: Nigeria seeks $450m from Islamic Development Bank

Vice-President-Sambo05 August 2013, Abuja – Vice-President Namadi Sambo says that Nigeria needs about 450 million dollars from the Islamic Development Bank, IDB, to expand its electricity generation capacity to reach 20,000 megawatts.

A statement issued in Abuja by Malam Umar Sani, the Senior Special Assistant to the Vice-President on Media, said that Sambo said this on Sunday when he received the President of the IDB, Dr Ahmed Mohammed Ali, in Makkah, Saudi Arabia, where he is perform this year’s lesser Hajj.

He stated that all the approvals granted by the bank over the years had been ratified by the National Assembly and the Federal Executive Council, FEC.

Sambo also requested the bank to extend its support to the Nigerian private sector, particularly in the areas of education, aviation and agriculture as he also called on the bank to partner with states in executing Public-Private Partnership (PPP) projects in some priority projects.


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