VICE-President Namadi Sambo, on Thursday, urged the Islamic Development Bank (IDB) to inject more capital into the nation’s economy in support of infrastructure development and general economic development.

Sambo, who made the call while declaring open the IDB-Nigeria Business Forum in Abuja, said  the gesture would complement the nation’s current efforts to sustain economic reform and development.

According to him, “Nigeria, being an important member of the bank, is looking forward to such an opportunity to facilitate the re-building of its infrastructure, revamping the manufacturing sector and creating employment for our teeming youth.”

He added that the administration had put in place various policy measures that would facilitate sustainable economic development and increase inflow of foreign direct investments into the country.

Some of such policy measures, he said, included port reforms, strengthening of the Nigerian Investment Promotion Commission (NIPC), reduction of the inflation rate, raising the gross demestic product (GPD) rate and per capita income.

“Our per capita income is expected to rise from $1,222 to $1,450. Inflation has also fallen from 12 per cent at end of 2010 to 10.3 per cent at present,” he stated.

In his address, the President of the IDB Group, Dr Ahmad Mohamed Ali, disclosed that the forum, which was the first in Nigeria, was to avail the Nigerian public  products, services and workings of the institution.

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