Nigeria Partners with IsDB to Achieve $1 Trillion Economy

The Federal Government of Nigeria has reaffirmed its commitment to deepen its strategic collaboration with the Islamic Development Bank (IsDB) to accelerate the country's journey towards achieving a $1 trillion economy. This partnership was highlighted during an event in Lagos on March 30, 2026, where Olawal Edun, the Minister of Finance and Coordinating Minister of the Economy, emphasized Nigeria's development priorities, particularly in education, skill acquisition, job creation, and critical infrastructure.

Edun noted the urgent need for investment in human capital and large-scale projects that can deliver widespread economic impact. Ongoing infrastructure initiatives include the coastal transnational super highway, rail network, and port rehabilitation, aimed at enhancing regional trade connectivity.

Anns Aissam, head of the IsDB delegation, reaffirmed the bank's commitment to Nigeria, describing it as a key strategic member. The IsDB, established in 1975 and headquartered in Jeddah, Saudi Arabia, aims to promote economic development and social progress in member nations in line with Islamic finance principles.