Four countries, including Nigeria, have been granted $238.1 million financing for projects by the Islamic Development Bank (IDB).
The Board of Executive Directors (BED) of the bank made the approval for Benin Republic, Cote D’Ivoire, and Kyrgyz Republic.
The pilot projects are in the area of energy access to finance through crowd funding.
The bank said that the approval was given during the 332nd session of the BED chaired by IDB President, Dr. Bandar Hajjar in Jeddah, recently.
$100 million was approved for Nigeria as support for the country’s malaria elimination project.
“The project’s objective is to improve the delivery and uptake of malaria prevention and treatment activities in selected states to achieve at least 80 per cent universal coverage of vector control, Seasonal Malaria Chemoprophylaxis (SMC), and case management in the public sector of 13 states in Nigeria.
It is anticipated that during the period of the project implementation, the overall burden of malaria in the country will reduce from current figures of 27 per cent to less than 15 per cent.”
The sum of, $69.1 million (62.15 million Euros) was approved for Benin Republic to support project aims to provide access to decent housing, connected to urban services (potable water, sewage, electricity), to more than 20,000 inhabitants by the end of 2024.
Similarly, $47.86 million (43.06 million Euros) was approved for Cote D’Ivoire to support the Abidjan and 11 secondary cities sanitation project.
“The overall objective of the project is to help in achieving a sustainable improvement in the provision of sanitation services in Abidjan and 11 secondary cities by eliminating the uncontrolled dumping of sludge.
This will protect the populations and the environment against water borne diseases, sewage flooding and discharge of untreated effluents; preventing ground and surface water pollution,” the statement said.