KUWAIT: The Kuwait Fund for Arab Economic Development (KFAED) has signed a loan agreement with the Federal Republic of Nigeria to help finance a project aimed at supporting education for out-of-school children in Kaduna State, the fund announced Tuesday. The agreement was signed by Acting Director General of the Kuwait Fund Waleed Al-Bahar and Nigeria’s Minister of State for Finance Dr Doris Uzoka-Anite.
In a post on its official account on platform X, the fund said the project seeks to improve education infrastructure by building and rehabilitating schools, expanding access to basic education—particularly for children in need such as girls, adolescents, and those with disabilities—enhancing teacher performance, and strengthening school management systems.—KUNA
On the sidelines of the agreement, Al-Bahar also met with Nigeria’s Minister of Housing and Rural Development Ahmed Dangiwa, Executive Secretary for the National Commission for Almajiri and Out-of-School Children’s Education Dr Mohammed Idris, and Borno State Governor Professor Babagana Zulum. The Kuwait Fund, established in 1961 with an initial capital of 50 million Kuwaiti dinars (approximately $163.6 million), was created to assist Arab countries. In 1974, it expanded its reach to include African nations as well. — KUNA
