A Nigerian, Amb. Hameed Opeloyeru, has been reelected Assistant Secretary-General for Economic Affairs of the Organisation of Islamic Cooperation (OIC).
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.
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.
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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