IslamicFinance.de

The Islamic Development Bank is set to invest $98 million (N19.5bn) in the educational project which will be implemented in nine Nigerian states. Ahmad Ali, who led the bank executives to host the meeting with the Emir of Kano on Saturday, September 19, in Saudi Arabia, said that this project had been 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. He said the board of the bank has approved the investment and is awaiting the final approval from Nigerian authorities.