IsDB Board Approves US$938m for Clean Energy, Water, Food Security, Health, Others for Nigeria, 5 Member Countries

The Board of Executive Directors of the Islamic Development Bank (IsDB), chaired by President H.E. Dr. Muhammad Al Jasser, has approved a US$938 million development financing package for Nigeria and five other member countries. The approved funds will support transformative projects in energy, agriculture, health, transport, water supply, resilience, sanitation, and connectivity.

According to a statement from IsDB's Communication Director Ahmed Abu Ghazeleh, priority areas include providing clean energy for homes, boosting agricultural productivity, safeguarding children's health, improving road connectivity, and expanding access to safe water and sanitation in rural areas. For Nigeria, US$60.67 million has been approved for the Katsina State Integrated Agricultural Development Hubs Project.

The initiative aims to enhance agricultural productivity and bolster farmers' resilience against climate and market shocks. In Uzbekistan, IsDB approved US$115 million for a wind power and battery storage project, and US$202.15 million for an agriculture mechanisation development project. Pakistan's Polio Eradication Phase V Project received US$100 million, while Tunisia's Highway Network Extension Project to El Kef and Jendouba regions received EUR335.49 million.

Additionally, a US$2.92 million grant was provided for the road transport sector in Syria, and US$70.70 million was approved for Phase 2 of the water supply and sanitation project in Jalalabad, Kyrgyz Republic. IsDB's Dr. Al Jasser reaffirmed the bank's commitment to development projects that reach people where they need it most, combining strategic financing, strong partnerships, and country-led priorities to deliver measurable impact.