The Federal Government has signed a $523,823 equivalent to (N185, 957, 165 million) Technical Assistant (TA) agreement with the Islamic Development Bank (ISDB) Group, in Marrakesh, Morocco.
Mr, Paul Ella Abechi, the Special Adviser to Minister of finance on Media and Communication made the statement known, he said “the TA agreement grants would be used to address capacity building/equipment and logistics upgrade in the Hajj Commission and for the improvement of cotton, textile and garment value chain in the Federal Ministry of Industry, Trade and Investment.”
The statement further detailed that “the National Hajj Commission of Nigeria (NAHCON) will receive $243,823.0, for capacity building/equipment and logistics upgrade while the Federal Ministry of Industry, Trade and Investment will get the balance of $280,000 for the development of cotton, fabric and garment value chain.”
The Minister of Finance, Zainab Ahmed signed the deal on behalf of the federal government while Dr. Bandar M. H. Hajjar, president of the ISDB Group signed for the group, during the 44th group annual meeting held in Marrakesh, Morocco.
During the meeting, the Minister was quoted saying, the Nigerian Government are doing their best to revive the Agriculture and food production. She added, “The State governments in Nigeria are adopting cluster farming which has eased access to funds by farmers, increased growth and allows access to facilities without collateral.”
