President Bola Ahmed Tinubu acknowledged the serious liabilities inherited by his administration, pointing to deficits in crucial areas like port and power infrastructure, as well as agro-allied facilities. Despite these challenges, the President emphasized the assets inherited and expressed determination to tackle the issues head-on.
The negotiation, held with the Islamic Development Bank, aimed to secure a multi-billion dollar infrastructure finance facility for diverse projects across federal and sub-national levels in Nigeria.
The President's commitment to economic transformation and his vision for Nigeria's future were well-received by the Islamic Development Bank, which pledged $50 billion for new investments in Africa, foreseeing Nigeria as a significant beneficiary.
