Nigerian appointed Secretary General of Islamic finance body
ANigerian, Dr Bello Lawal Danbatta, has been appointed as the new Secretary-General of the Islamic Financial Services Board (IFSB).
IFSB, a Malaysian-based international organization with over 180 members in almost 60 countries, including 75 regulatory and supervisory authorities is one of the main standard-setting organisations for Islamic finance.
Danbatta’s appointment was made public yesterday in Kuala Lumpur and he will assume duty on Monday. The Council of the IFSB in its 31st meeting on December 11, 2017 approved his appointment.
Danbatta takes over from Jaseem Ahmed, who served for six years.
Dr. Danbatta holds a Ph.D. in Islamic Banking and Finance from the International Islamic University Malaysia, and an MBA in Corporate Finance.
The Federal Government has called on foreign businesses interested in investing in Africa to take a look at the opportunities available in Nigeria as the country’s economic outlook for 2018, and in the near future is positive.
Vice President Yemi Osinbajo, Budget and National Planning Minister, Senator Udoma Udo Udoma and Trade, Industry and Investment Minister, Dr Okey Enelamah at events and bilateral meetings with global business leaders at the World Economic Forum (WEF) which ends in Davos, in Switzerland, yesterday, marketed the potentials of Nigeria and encouraged investors to take advantage of the opportunities on offer, a statement from the ministry of Budget and National Planning said.
At a dinner hosted by the Vice President for investors in Davos, Senator Udoma said that there are opportunities available in agriculture and agro-processing, industry, mining, construction, infrastructure and services as Nigeria has one of the largest markets in the continent.
He told the gathering, which included Nigerians in Diaspora, that the government was determined to revamp the economy by improving the enabling environment for all investors, both domestic and international.
The minister also said the aim of the Economic Recovery and Growth Plan (ERGP), is to restore growth by diversifying the economy, stabilizing the macroeconomic environment, investing in infrastructure and improving the country’s business environment, amongst others.