The Federal Government has urged the Islamic Development Bank (IsDB) to implement bold reforms and smarter investments to address evolving economic realities.

Speaking at the IsDB Governors’ Retreat in Al-Madinah, Saudi Arabia, Finance Minister Wale Edun emphasized the need for transformative projects in infrastructure, agriculture, rail, and energy. He advocated for innovative funding solutions tailored to national priorities and called for a concessional financing strategy to minimize debt while achieving development goals.

Edun also highlighted the importance of robust monitoring systems to ensure the effectiveness of IsDB initiatives, aligning with Nigeria’s commitment to sustainable development.

The retreat provided a platform to review IsDB’s 10-year strategy (2026–2035) and explore ways to address key global challenges through collaborative efforts among member states.