Nigerian Re-elected Assistant Secretary-General for Economic Affairs of OIC

A Nigerian,
Ambassador Hameed Opeloyeru, has been reelected Assistant Secretary-General for
Economic Affairs of the Organisation of Islamic Cooperation.
A statement issued
by the OIC secretariat in

Jeddah, Saudi Arabia, said Opeloyeru was elected at
the 40th Council of Foreign Ministers of OIC held in Conakry, Guinea, from Dec.
9 to Dec. 11.

Opeloyeru, a former
Ambassador to Lebanon, who was first elected to the position in 2009, will
represent the African Group in the Organisation.
“It is evident that
the re-election of the Nigerian candidate by the African Group in the OIC is
aimed at consolidating the gains made towards socio-economic cooperation within
the OIC,” the statement said.
According to the
statement, the OIC has made remarkable progress in the implementation of its
10-Year Programme of Action adopted in 2005, including the creation of a
dedicated programme for Africa.

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It highlighted core
achievements to include the establishment of a special fund for poverty alleviation
and the harmonisation of tariffs and trade policies among member-states.
According to OIC
Statistics, trade among the 57-member countries increased from 14.44 per cent
in 2004 to 17.9 per cent in 2012.
Similarly, the
cumulative trade finance disbursement among member-countries increased from 2.5
billion dollars in 2008 to 4.5 billion dollars in 2012.
Last November, the
organsation successfully completed the approval stage of the 12 billion dollars
Special Programme for the development of Africa.

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Also the Islamic
Solidarity Fund for Development has committed 1.64 billion dollars to the
execution of 46 projects under its 5-year strategy aimed at scaling up human
capital development among its member-states.

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Culled from Tvcnews


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