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The Federal Government has sought the
support of the Islamic Development Bank
for the provision of about $450m to
expand the power transmission system to
wheel up to 20,000 megawatts of
A statement on Sunday quoted Vice-
President Namadi Sambo as making the
request on behalf of the government in
Makkah, Saudi Arabia, when he received
the bank’s President, Dr. Ahmed Ali, who
paid him a courtesy visit.
Sambo is currently in Saudi Arabia for the
He was quoted as saying that for the
progress being made in the power sector
to be meaningful, more funds needed to
be injected in the transmission
The vice-president said Nigeria would
need about $450m from the bank to
expand the transmission system to wheel
up to 20,000MW of electricity.
Sambo also called on the bank to consider
the construction of a road linking Lagos to
Abidjan, the capital of Côte d’Ivoire.
He also requested the IDB to extend its
support to the Nigerian private sector in
the areas of education, aviation and
“Vice-president Sambo noted the
progress made by the government in the
power sector, construction and expansion
of deep seaports, especially those of Lekki
and Ibaka, as well as the development of
the Aluminium Smelter Company, where
he stated that efforts were being geared
towards ensuring the participation of
investors in the mining sector,” the
While thanking the IDB for the continued
support and cooperation with Nigeria,
Sambo said all the approvals granted by
the bank over the years had been ratified
by the National Assembly and the Federal
Ali was quoted as saying in his
remarks that the purpose of his
visit was to give a push to the Nigeria-IDB
He said the bank had approved three out
of the five projects submitted by the
The projects, according to him, are the
construction of four new science
secondary schools in Kaduna State worth
$17,9m; construction of a 300-bed
specialist hospital in Kaduna State at
$43.15m; and the Zaria water supply
project worth $81.0m.
He explained that the$32.40m Jigawa
State rural development project and the
bilingual education programme for Borno,
Gombe and Niger states worth $30.53m
were under consideration.
Ali promised to look at all the requests
made with a view to giving them
favourable and accelerated consideration.
He said the bank was always pleased to
accord priority to projects involving more
than one member country.
The IDB president added that the bank
was working on a trans-Saharan road
involving several countries, including
Chad, Niger, Algeria, Tunisia and Nigeria.
He said the road would provide a platform
for commuters to travel from Africa to
Europe by road.
Ali stated that approval would soon be
given for the Lekki seaport worth $150m.
Present at the meeting were the Nigerian
Ambassador to Saudi Arabia, Alhaji
Abubakar Shuni; Alhaji Isiyaku Rabiu;
Alhaji Kashim Shettima and Alhaji Yahaya
Imam, among others.