LAPAI, NIGER STATE, NIGERIA, 20th December, 2016: A delegation from the Africa Islamic Economic Foundation (AFRIEF), comprising its President, Mr Baba Yunus Muhammad and Vice-president-Infrastructure, Engineer Moshood Ojutiku, has paid a courtesy call on the Vice-Chancellor of the Ibrahim Badamasi Babangida University (IBBUL), Professor Muhammad Nasir Maiturare at the University’s main campus in Lapai, Niger State, Nigeria. The purpose of the visit was to establish linkages between the two institutions and explore areas of collaboration, exchange and joint activities to be pursued in the fields of Islamic finance and Economics in Nigeria.

Receiving the delegation, Prof. Maiturare appreciated the gesture of the leadership of AFRIEF for deeming it fit to pay the IBBUL a courtesy visit. He also added that the visit marks the beginning of a long term relationship between IBBUL and AFRIEF, emphasizing that the relationship between the two institutions would “nurture the creative role of national and international scholarly and professional communication and collaboration in the development and dissemination of knowledge, learning, research and facilitation of innovative programmes of action aiming at improving livelihoods”.

A brief meeting was held in the Vice Chancellor’s office during which discussions on how to strengthen cooperation between the two Institutions in the fields of Islamic economics, finance, halal (ethical) economy, training and education, scholarly research and advisory service programs were held. The meeting provided an opportunity for AFRIEF’s President to brief the IBBUL of its work in Africa, particularly, its flagship Halal (Ethical) Economy Initiative in Africa: The Africa Halal Economy Initiative, adding that the visit has “presented us with an opportunity to establish greater synergies and share best practices and experiences for the wider benefit of Niger State and the Federal republic of Nigeria”.

As part of the plans of the two institutions to develop areas of potential new synergies in the economic domain especially in Islamic financial services and capital markets which would lead to the signing of an agreement of formal collaboration, the AFRIEF delegation was later invited to an expanded meeting involving high level officials of the University, including the Heads of the Business Administration Department and Economics Department, Dr Salihu Abdul Hamid and Dr M.S. Ewugi respectively. The meeting also discussed mutual cooperation towards organising a High-Level Strategic RoundTable Transformative Dialogue on Halal (Ethical) Economy in Nigeria in the first quarter of 2017, with the view of creating better awareness and understanding among policy makers, leaders and stakeholders of the public and private sectors, the academic and professional communities in Nigeria about the Halal (ethical) Economy and its potentials.

The RoundTable would also, within the framework of national priorities, attempt to meet three core objectives: (a) consensus-building, by providing a platform for intergovernmental and private sector driven debates and inquiry; (b) policy-oriented analysis, by identifying key issues underlying the Halal economy and the dynamics of Halal industries in world markets; and (c) technical cooperation, by helping the various Governments of the Federal Republic of Nigeria to articulate a development strategy that can optimize the economic potential of the Halal economy to stimulate private investment, attract new technologies, promote entrepreneurship and set the basis for a an export-led strategy for the emerging Halal industries in Nigeria.


The Africa Islamic Economic Foundation (AFRIEF) is an independent organization that provides a distinctive Islamic perspectives on economic and social issues. It enhances and encourages dialogue, exchanges and collaboration across the thematic areas of Islamic economics and finance, education, sustainable development, governance and public health. AFRIEF assumed the legal status of a Non-Governmental Organisation on 9th December, 2013 and its secretariat, located in Tamale in the Republic of Ghana is at present hosted by Al Furqan Foundation.

Its Transformative Roundtable Dialogue series is a unique initiative aimed at projecting a positive and sophisticated image of Islamic finance and economics through the exchange of cutting-edge ideas and objective discussions on the various benefits of interest-free paradigm of economic development among academicians, decision and policy makers, private sector operators and development practitioners in Africa. These exclusive and multi-sector roundtables take place in various cities in Africa bringing together civil society organisations, governments, regional economic agencies and the private sector to collaborate, network and exchange expertise and address specific economic issues of interest to Africa.


The Ibrahim Badamasi Babangida University Lapai (IBBUL) is a modern, outward-looking institution with a wide national reach and global vision, committed to producing World-Class graduates for the pursuit of all round excellence through quality research, teaching and community service. A leading multidisciplinary University in Nigeria with a vision to be a World-Class Centre of excellence driven by people, partnership and technology, IBBUL was established by the Niger State University Law of 2005 and commenced academic activities during the 2005/2006 academic session. The University is named after former President of the Federal Republic of Nigeria, Gen. Ibrahim Badamasi Babangida (GCFR) popularly referred to as IBB, as a mark of honour to one of the most illustrious sons of Niger State.