FG, Islamic Bank seal N185m funding pact for textile industry, Hajj commission

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The Federal Government has sealed a $523,823 technical assistant financing pact with the Islamic Development Bank for Nigeria’s textile industry and the funding of the National Hajj Commission.

The agreement was confirmed on Monday in a statement issued by the Media Adviser to the Minister of Finance, Paul Ella.

It said the finance minister, Mrs Zainab Ahmed signed the agreement on behalf of the Federal Government while the President of ISDB, Dr Bandar Hajjar signed on behalf of the bank.The minister said part of the fund which is in form of a grant would be used to address capacity building, acquisition of equipment and logistics upgrade in the Hajj Commission.

Specifically, she said while the National Hajj Commission of Nigeria would get $243,823 from grant, the Federal Ministry of Industry, Trade and Investment would be given the balance of $280,000. “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.”

 

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Northern impact, nothing to do with the rest 5% that didn't vote mbuhari elections

So, the FG is still deepening us into more debt. Incuring grant for Hajj commission, when FG should rather hands off religious pilgrimages.

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