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Investment

Niger secures $163m solar power deal from Islamic Development Bank

Niger State is set to partner with the Islamic Development Bank on a major $163 million solar electrification initiative aimed at boosting power supply while enhancing support for agriculture and industrial growth. The ambitious project entails building a 100-megawatt solar power facility in the north-central region of Nigeria, utilizing approximately 200 hectares of land. The […]

Banking

Islamic Development Bank to fund $163m solar electrification in Niger

The Islamic Development Bank will finance a $163 million solar electrification initiative in Niger State, providing communities with an alternative source of electricity. According to a statement released on 26 January 2026 by the Chief Press Secretary to the Governor, Bologi Ibrahim, the Niger State Solar Electrification Project, designated NGA1063, will span 200 hectares. The […]

Why Islamic bank approved $1.8bn for Nigerian projects
News

Why Islamic bank approved $1.8bn for Nigerian projects

The Islamic Development Bank has revealed why the institution approved the sum of $1.8bn for Nigeria for Nigerian projects. According to The PUNCH, the President of the Saudi-based bank, Dr Mohamed Jasser at a meeting with the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in Abuja on Monday stated that the funds […]