Islamic Bank to invest N20 billion in Nigeria’s education

Islamic Bank to invest N20 billion in Nigeria’s education

The Islamic Development Bank, IDB, is to invest $98 million (N19.5bn) in Bilingual Education Project in nine Nigerian states.

The President of the group, Ahmad Ali, made the disclosure, Saturday, when he led other executives of the bank to host the Emir of Kano, Muhammadu Sanusi, at the organisation’s headquarters in Jeddah, Saudi Arabia.

The Kano emir is in Saudi Arabia as Nigeria’s amirul hajj where he and his committee are paying for their expenses.

The IDB boss listed the states that would benefit from the investment to include Adamawa, Borno, Gombe, Kaduna, Kano, Kwara, Nasarawa, Niger and Osun states.

“This project was successful in Niger and Chad republics where the Madrasa and Quranic schools were worked upon in such a way that it facilitated the graduates of the schools to enrol in public schools.

“The establishment of this program will help Nigeria overcome some of its education challenges like illiteracy and also to enable those that learned in the Madrasa to be integrated into public schools,” he said.

He said the board of the bank has approved the investment and is awaiting the final approval from Nigerian authorities.

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