BY NKECHI NAECHE-ESEZOBOR—(WASHINGTON D.C.)— Nigeria has strengthened its economic partnership with the Islamic Development Bank (IsDB) following a high-level bilateral meeting held in Washington D.C., led by Dr. Doris Uzoka-Anite, Honourable Minister of State for Finance.
The meeting marked a key step in deepening cooperation between both parties and aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which focuses on sustainable economic growth, infrastructure development, and job creation.
According to a statement from the Ministry of Finance, the discussions centered on expanding collaboration in Sukuk financing, Sharia-compliant financial instruments, and other innovative funding mechanisms that can support Nigeria’s development priorities.
The dialogue also reviewed ongoing joint initiatives in agriculture, renewable energy, infrastructure, education, and healthcare. Both sides explored new opportunities in special agro-industrial processing zones and halal economy development, aimed at boosting productivity, reducing poverty, and improving livelihoods.
Dr. Uzoka-Anite described the engagement as a reaffirmation of the strong partnership between Nigeria and the IsDB.
“This meeting underscores the strong bond between Nigeria and the IsDB. Under the Renewed Hope Agenda, President Bola Ahmed Tinubu’s Administration remains committed to repositioning our economy and driving infrastructure development. We appreciate IsDB’s support and look forward to leveraging their expertise to accelerate our economic growth and development initiatives,” she said.
The IsDB delegation expressed its readiness to continue supporting Nigeria through targeted interventions and financing models that align with the country’s medium- and long-term economic goals.
This latest engagement highlights Nigeria’s ongoing efforts to strengthen international partnerships and attract development financing from global institutions.
As the nation navigates global economic challenges, collaborations with partners like the Islamic Development Bank are expected to play a critical role in fostering inclusive growth and advancing sustainable development across the country.
