By SADIQ ABUBAKAR, Maiduguri –
The Arab Bank for Economic Development in Africa (Arab Bank) has signed Memorandum of Understanding (MoU) with the Borno State Government on economic development of the state and extended accelerated rural transformation and development at the grassroots level.
The Managing Director of the Arab Bank, Dr Sidi Tah made the disclosure during a courtesy call on Governor Babagana Zulum, at the Government house Maiduguri on Friday.
Dr. Tah, who noted that the bank’s management visit to Maiduguri was a follow up to the earlier visit by Governor Zulum to the bank’s headquarters in Khartoum, Sudan. He noted that this necessitated the bank to send a technical team to the Borno state for assessment of the agreement for wider feasibility study.
According to him, the outcome and finally report of the technical team feasibility study informed further negotiations on the agreement and what also prompted the bank manager to team visit to Borno State to formalize and concretize the banks willingness to partners with the Borno state government.
“we are really delighted to be with you here today in Borno State as a testimony of the commitment of the Arab Bank for economic development in Africa to the partner with Borno State.
” The technical team is already on ground in the state preparing the pilot scheme for the State while the Bank has already sent to Borno State a technical team to prepare a pilot scheme. And that project has already been approved by the bank. With the commitment of the Borno State Government, the Bank will scale up its interventions to address the needs of the people of the state, ” Tah said.
Responding, Governor Zulum appreciated the Managing Director of Arab Bank for Economic Development in Africa and his team for choosing Borno State for the project.
He also assured them of his government full support for proper implementation of the partnership agreement and conducive working environment as well as security.
DISCLAIMER
The OPINION / COLUMN is authored by independent contributors to the National Accord Newspaper. While contributors adhere to our editorial guidelines, they are not employed by the National Accord Newspaper. The perspectives and opinions expressed herein are solely those of the author and do not represent the views of the National Accord Newspaper or its staff.