Sokoto Govt, IDB Partner on Investment

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L-R: Head, Research and Training Institute of the Islamic Development Bank (IDB), Abdulkader Shahi with Gov. Aminu Tambuwal of Sokoto state

By Abdallah el-Kurebe

Governor Aminu Waziri Tambuwal of Sokoto state has said that his government and the Islamic Development Bank (IDB) have agreed to partner in the management of the state’s property and investment fund.

He spoke in Sokoto Monday when he received the Senior Training Specialist of the bank’s Research and Training Institute, Dr. Abdulkader Shahi, explaining that the economic potential of the venture that would be executed through the state’s Zakat and Endowment committee, would improve the capacity of local businessmen with a view to competing at home and abroad.

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Shahi (standing) delivering a speech while on far right, Gov. Tambuwal and his deputy, Alh. Ahmed Aliyu listen

Tambuwal added that the government would continue to explore means of collaboration with leading financial institutions for the enhancement of business and economic activities in Sokoto.

He announced that a bill had already been sent to the state House of Assembly for upgrading the zakat and endowment committee into a full-fledged independent commission, adding that “funds under the care of the committee will continue to be judiciously utilised for the purpose it was set up for.”

Dr. Shahi, who is the head of IDB’s research, publications and training unit, said the Bank had collaborated with many institutions and governments to provide information on models of Islamic economy, banking and finance.

He said he was in Sokoto to seek areas of cooperation and staff development for the soon-to-be established Zakat and Endowment Commission. 

Posted by Abdallah el-kurebe

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