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Abia State To Get $125 Million From Islamic Development Bank For Roads - Politics - Nairaland

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Abia State To Get $125 Million From Islamic Development Bank For Roads by adamusuleiman1: 4:08pm On Mar 18
This strategic initiative, revealed in a statement by the IsDB, is part of a broader $225 million funding approval designed to propel new development ventures.

Chaired by the esteemed H.E. Dr Muhammad Al Jasser, President and Group Chairman of IsDB, the bank’s 354th meeting of the Board of Executive Directors saw the green light given to two pivotal projects aimed at fortifying socio-economic growth and sustainability in critical sectors.

About the Loan
The $125 million allocation for Nigeria is poised to significantly reduce travel times and costs on major roadways, concurrently enhancing market accessibility and social services for the local populace.

Emphasising inclusivity, the project promises to bolster mobility for all residents, prioritising safe and accessible transport options, notably for vulnerable community segments.

The statemen read:

“Nigeria secured a US$125 million financing package to contribute to the Abia State Integrated Infrastructure Development Project. The project aims to reduce travel times and costs along key roads, while also improving access to markets and social services for local communities.
“Additionally, the project will enhance overall mobility by ensuring safe and accessible transportation for all residents, including vulnerable groups.”

https://nairametrics.com/2024/03/18/abia-state-to-get-125-million-from-islamic-development-bank-for-roads/?amp=1

20 Likes 5 Shares

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Namaster: 4:10pm On Mar 18
The membership of the IsDB is suspicious. But Nigerian Politicians have no qualms feasting with the Devil. They don't even need a long spoon.

33 Likes 2 Shares

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Ijid: 4:10pm On Mar 18
Any good business person will want to invest in Abia potential. The state is primed to be an economic hub, but blessed with wicked past leaders who love money more than their people

42 Likes 1 Share

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Anambra1stSonTV: 4:16pm On Mar 18
Ijid:
Any creative business person wil want to invest in a state like did Abia potential. The state na big state, but blessed with wicked past leaders wet like money than their people
It's a loan

62 Likes 4 Shares

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by LagosFirstSon: 4:19pm On Mar 18
Governor Alex Otti is doing well for his people and I trust he will make good use of this loan for the greater Abia state

25 Likes

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Boogyman557: 4:20pm On Mar 18
V

1 Like 2 Shares

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Aboks(m): 4:21pm On Mar 18
Abia state is now an islamic state

we need hisbah in abia state lol

129 Likes 11 Shares

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Foreverly02: 4:27pm On Mar 18
Really?

1 Like 1 Share

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Ofodirinwa: 4:27pm On Mar 18
Namaster:
The membership of the IsDB is suspicious. But Nigerian Politicians have no qualms feasting with the Devil. They don't even need a long spoon.

high voltage ignorance.

100 Likes 10 Shares

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Atarakpa: 4:29pm On Mar 18
@simon ekpa how far nah?

9 Likes

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Blackestjunior(m): 4:29pm On Mar 18
Bleepp

Mehn


Only to loot the Money again

3 Likes

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by updatechange(m): 4:30pm On Mar 18
Fulani herdsmen go get free access to land for grazing now🌚

8 Likes

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by id4sho(m): 4:30pm On Mar 18
Islam Amaka cheesy

38 Likes 3 Shares

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by jiz: 4:30pm On Mar 18
Otti is working

1 Like

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Ghoxt: 4:31pm On Mar 18
What's the big deal? It's a loan.

2 Likes

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by RichDad1(m): 4:31pm On Mar 18
You collect Islamic money with no interest, but don’t want the spread of Islam in your domain? You’re playing.
Ibo land will soon be turned to an Islamic state Insha Allah. 🤲🏽🤲🏽🤲🏽

92 Likes 6 Shares

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by CorrectionFLuid: 4:31pm On Mar 18
.
Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by EmmyDJourno: 4:31pm On Mar 18
These loans are usually low interest loans and the moment roads are fixed in the State, investment would flow and Igboland would rise to the glory of what it should be😃

8 Likes

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Holluwhakemmy(f): 4:31pm On Mar 18
Abia State collecting loan from Islamic Bank

22 Likes 3 Shares

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Okete001(f): 4:31pm On Mar 18
Hehehe


The same islam igb0s hate.

Is God not wonderful?

Dem don finally beg for food from their enemies😀

Moral of the lesson: YOUR ENEMY TODAY MAY END UP FEEDING YOU TOMORROW

58 Likes 1 Share

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by AntiChristian: 4:31pm On Mar 18
Islamic loan no dey get interest/Usury!

Abians should love Islam now! cool

44 Likes 3 Shares

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by jiz: 4:31pm On Mar 18
Blessings comes from God alone
Aboks:
Abia state is now an islamic state

we need hisbah in abia state lol

1 Like

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by paramakina202: 4:31pm On Mar 18
Namaster:
The membership of the IsDB is suspicious. But Nigerian Politicians have no qualms feasting with the Devil. They don't even need a long spoon.

It is a loan payable with interest.
Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by SoNature(m): 4:31pm On Mar 18
It's becoming clearer why Governor Alex Otti drew a huge budget that will be financed from borrowing.

As an ex-banker, he has connections in the banking industry. I hope there are clear-cut plans for repaying the loans. This man will go far in leadership!

8 Likes

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by jmoore(m): 4:32pm On Mar 18
Aboks:
Abia state is now an islamic state
we need hisbah in abia state lol
It is a loan, it is business.
Christians and muslims do business with each other. Therefore, no babablu.

1 Like

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Mitsurugi(m): 4:32pm On Mar 18
[center][/center] grin
Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by EdCure: 4:32pm On Mar 18
Guy has been collecting loan upon loans since he became Abia governor.

On his case, obident plonkers with heavily dented sense of reasoning will tell you that borrowing is the best thing after sliced bread.

Yet these headless hypocrites rush to criticize when others borrow.

32 Likes 3 Shares

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Morbeta11(m): 4:32pm On Mar 18
Ofodirinwa:


high voltage ignorance.

Yes....he is suffering from acute ignoransia.

6 Likes 1 Share

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by Osidazz19: 4:32pm On Mar 18
Lmao
So Otti don turn Abia into an Islamic state?
Wow, I'm sure that gbajue, the Agulu packaged fraud also known as Yes Daddy religious war Conman will not like this.

26 Likes 3 Shares

Re: Abia State To Get $125 Million From Islamic Development Bank For Roads by RichDad1(m): 4:32pm On Mar 18
Ghoxt:
What's the big deal? It's a loan.
jiz:
Otti is working
LagosFirstSon:
Governor Alex Otti is doing well for his people and I trust he will make good use of this loan for the greater Abia state
Hypocrites 😂
But when Buhari took same loan, you and your fellow urchins were shouting Islamization agenda.

EmmyDJourno:
These loans are usually low interest loans and the moment roads are fixed in the State, investment would flow and Igboland would rise to the glory of what it should be😃
Interest free loans 😎

36 Likes 4 Shares

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